Teachers Retirement System of The State of Kentucky Has $1.04 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Teachers Retirement System of The State of Kentucky reduced its position in Helmerich & Payne, Inc. (NYSE:HP) by 51.6% during the third quarter, Holdings Channel.com reports. The firm owned 34,301 shares of the oil and gas company’s stock after selling 36,641 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Helmerich & Payne were worth $1,043,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Arizona State Retirement System lifted its stake in shares of Helmerich & Payne by 1.3% in the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock valued at $1,000,000 after buying an additional 342 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Helmerich & Payne by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock valued at $795,000 after acquiring an additional 513 shares in the last quarter. KBC Group NV boosted its stake in Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 529 shares during the last quarter. Covestor Ltd increased its holdings in Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 643 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 757 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HP. Royal Bank of Canada cut their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. The Goldman Sachs Group cut their price objective 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. Citigroup lowered their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Barclays decreased their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $38.57.

Helmerich & Payne Stock Down 6.2 %

HP opened at $30.61 on Thursday. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The company’s 50-day moving average price is $34.49 and its two-hundred day moving average price is $34.50. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 4.21 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. Helmerich & Payne’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.27%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 29.07%.

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.