Vanguard Personalized Indexing Management LLC Buys 513 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Vanguard Personalized Indexing Management LLC lifted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,002 shares of the oil and gas company’s stock after purchasing an additional 513 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Helmerich & Payne were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Helmerich & Payne by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock worth $201,543,000 after purchasing an additional 176,179 shares during the last quarter. Earnest Partners LLC grew its holdings in Helmerich & Payne by 5.5% during the 1st quarter. Earnest Partners LLC now owns 2,998,189 shares of the oil and gas company’s stock worth $126,104,000 after acquiring an additional 155,242 shares in the last quarter. Boston Trust Walden Corp grew its holdings in Helmerich & Payne by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company’s stock worth $80,320,000 after acquiring an additional 27,660 shares in the last quarter. American Century Companies Inc. grew its holdings in Helmerich & Payne by 38.1% during the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock worth $67,306,000 after acquiring an additional 513,647 shares in the last quarter. Finally, ARGA Investment Management LP grew its holdings in Helmerich & Payne by 55.4% during the 1st quarter. ARGA Investment Management LP now owns 1,378,705 shares of the oil and gas company’s stock worth $57,988,000 after acquiring an additional 491,589 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock opened at $32.85 on Wednesday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 9.39, a PEG ratio of 3.29 and a beta of 1.42. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average price of $34.32 and a 200 day moving average price of $37.08. Helmerich & Payne, Inc. has a 52 week low of $29.46 and a 52 week high of $45.04.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.15. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The company had revenue of $697.70 million during the quarter, compared to analyst estimates of $670.78 million. During the same period last year, the firm posted $1.09 EPS. Helmerich & Payne’s revenue for the quarter was down 3.6% compared to the same quarter last year. Sell-side analysts expect that Helmerich & Payne, Inc. will post 3.57 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is presently 28.57%.

Analysts Set New Price Targets

Several research analysts have issued reports on HP shares. The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. Bank of America dropped their target price on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Piper Sandler dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Evercore ISI raised shares of Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. Finally, Citigroup decreased their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.88.

Helmerich & Payne Profile

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.