Raymond James & Associates Has $2.84 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Raymond James & Associates boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 33.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,310 shares of the oil and gas company’s stock after purchasing an additional 23,459 shares during the quarter. Raymond James & Associates owned 0.09% of Helmerich & Payne worth $2,838,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HP. Headlands Technologies LLC acquired a new position in shares of Helmerich & Payne in the 1st quarter valued at $33,000. Covestor Ltd raised its stake in shares of Helmerich & Payne by 253.4% in the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 674 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Helmerich & Payne by 94.9% in the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 595 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 854 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Helmerich & Payne in the 1st quarter valued at $102,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HP shares. Barclays dropped their target price on shares of Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Piper Sandler dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Citigroup dropped their target price 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. Finally, The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.29.

Helmerich & Payne Stock Up 2.4 %

Shares of NYSE:HP opened at $33.72 on Tuesday. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11. The company’s 50-day moving average price is $32.83 and its two-hundred day moving average price is $35.50. 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 firm has a market cap of $3.33 billion, a P/E ratio of 9.77, a P/E/G ratio of 3.56 and a beta of 1.40.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 28.99%.

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.