Radnor Capital Management LLC reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP – Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,044 shares of the oil and gas company’s stock after selling 500 shares during the period. Radnor Capital Management LLC’s holdings in Helmerich & Payne were worth $1,378,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Covestor Ltd boosted its stake in shares of Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after buying an additional 643 shares during the last quarter. Blue Trust Inc. boosted its position in 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 worth $46,000 after purchasing an additional 854 shares in the last quarter. Headlands Technologies LLC boosted its position in Helmerich & Payne by 96.9% in the 2nd 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 in the last quarter. Quarry LP purchased a new position in shares of Helmerich & Payne during the 3rd quarter valued at approximately $48,000. Finally, Eastern Bank purchased a new position in shares of Helmerich & Payne during the 3rd quarter valued at approximately $61,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on HP shares. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Barclays cut their price target on 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. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday. Finally, Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $40.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus target price of $39.50.
Helmerich & Payne Price Performance
Shares of Helmerich & Payne stock opened at $35.52 on Wednesday. The stock has a market capitalization of $3.51 billion, a P/E ratio of 10.33, a PEG ratio of 4.10 and a beta of 1.39. The business has a 50 day simple moving average of $33.67 and a two-hundred day simple moving average of $34.18. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40.
Helmerich & Payne (NYSE:HP – Get Free Report) 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. The firm had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 EPS. As a group, analysts predict that Helmerich & Payne, Inc. will post 3.12 EPS for the current fiscal year.
Helmerich & Payne Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio 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.
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