Wilmington Savings Fund Society FSB Takes $452,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Wilmington Savings Fund Society FSB bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) in the third quarter, HoldingsChannel reports. The fund bought 14,873 shares of the oil and gas company’s stock, valued at approximately $452,000.

Several other large investors have also recently bought and sold shares of the business. Covestor Ltd boosted its position in shares of 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 acquiring an additional 643 shares in the last quarter. Blue Trust Inc. raised its position in shares of Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares in the last quarter. Headlands Technologies LLC lifted its stake in 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 purchasing an additional 757 shares during the last quarter. Quarry LP acquired a new position in Helmerich & Payne in the third quarter valued at approximately $48,000. Finally, Eastern Bank purchased a new position in Helmerich & Payne in the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on HP shares. 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. 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 dropped their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. The Goldman Sachs Group reduced their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Finally, Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and a consensus price target of $38.57.

Helmerich & Payne Stock Performance

NYSE HP opened at $32.97 on Tuesday. The firm has a market cap of $3.26 billion, a P/E ratio of 9.58, a P/E/G ratio of 4.21 and a beta of 1.39. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11. The business’s 50-day moving average price is $34.61 and its 200 day moving average price is $34.56. 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.76. The company had revenue of $693.79 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, equities research analysts expect that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.03%. 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.