14,492 Shares in Helmerich & Payne, Inc. (NYSE:HP) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,492 shares of the oil and gas company’s stock, valued at approximately $441,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 643 shares during the last quarter. Blue Trust Inc. lifted its position 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 worth $46,000 after purchasing an additional 854 shares during the period. Quarry LP bought a new stake in shares of Helmerich & Payne in the 3rd quarter valued at $48,000. Headlands Technologies LLC increased its position in shares of Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after buying an additional 757 shares during the period. Finally, Eastern Bank bought a new position in Helmerich & Payne during the third quarter worth $61,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of HP opened at $34.06 on Tuesday. The business’s fifty day moving average is $34.57 and its 200 day moving average is $34.68. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.36 billion, a P/E ratio of 9.90, a P/E/G ratio of 4.07 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HP. Royal Bank of Canada cut 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 research report on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. The Goldman Sachs Group dropped their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Citigroup reduced their price objective 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, Barclays dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and an average price target of $38.57.

About Helmerich & Payne

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.