Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc decreased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 77,225 shares of the oil and gas company’s stock after selling 1,010 shares during the period. Capital Investment Counsel Inc’s holdings in Helmerich & Payne were worth $2,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HP. American Century Companies Inc. raised its stake in Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock worth $67,306,000 after purchasing an additional 513,647 shares during the period. Earnest Partners LLC increased its holdings in shares of Helmerich & Payne by 15.7% during the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after buying an additional 471,420 shares during the last quarter. LSV Asset Management raised its position in shares of Helmerich & Payne by 51.7% in the 2nd quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock worth $42,982,000 after buying an additional 405,179 shares during the period. Pacer Advisors Inc. boosted its holdings in Helmerich & Payne by 9.4% in the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock valued at $138,302,000 after acquiring an additional 327,802 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Helmerich & Payne by 120.6% during the second quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock valued at $13,267,000 after acquiring an additional 200,700 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HP shares. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Barclays reduced their price target on shares of Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. Citigroup dropped 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. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Finally, Piper Sandler lowered their price target on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.29.

Helmerich & Payne Stock Down 2.4 %

Shares of NYSE HP opened at $33.73 on Thursday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 3.80 and a beta of 1.42. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. The stock’s 50-day simple moving average is $32.81 and its 200-day simple moving average is $35.96.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. The firm had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 EPS. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.48 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.96%. Helmerich & Payne’s payout ratio is 28.57%.

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.