Fisher Asset Management LLC Lowers Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Fisher Asset Management LLC lowered its stake in Helmerich & Payne, Inc. (NYSE:HP) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,351,372 shares of the oil and gas company’s stock after selling 48,020 shares during the quarter. Fisher Asset Management LLC’s holdings in Helmerich & Payne were worth $41,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HP. American Century Companies Inc. grew its stake in shares of Helmerich & Payne by 38.1% in 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 acquiring an additional 513,647 shares during the last quarter. Earnest Partners LLC grew its position in 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 valued at $125,392,000 after purchasing an additional 471,420 shares during the last quarter. LSV Asset Management increased its stake in Helmerich & Payne by 51.7% during the 2nd quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock valued at $42,982,000 after purchasing an additional 405,179 shares in the last quarter. Pacer Advisors Inc. raised 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 worth $138,302,000 after buying an additional 327,802 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Helmerich & Payne by 1,241.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company’s stock worth $10,604,000 after buying an additional 322,578 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 2.5 %

Helmerich & Payne stock opened at $34.40 on Wednesday. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11. The company has a market cap of $3.40 billion, a P/E ratio of 10.00, a P/E/G ratio of 4.29 and a beta of 1.40. 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 business has a 50-day simple moving average of $33.95 and a two-hundred day simple moving average of $34.95.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. During the same period in the previous year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts predict that Helmerich & Payne, Inc. will post 3.21 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 2.91%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HP. Royal Bank of Canada reduced their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th. Barclays decreased 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. The Goldman Sachs Group dropped their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Citigroup decreased their target price on 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, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One equities research 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 a consensus rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Company 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.