Louisiana State Employees Retirement System Has $1.45 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Louisiana State Employees Retirement System reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 4.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,700 shares of the oil and gas company’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Helmerich & Payne were worth $1,451,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HP. Headlands Technologies LLC acquired a new stake in shares of Helmerich & Payne during the 1st quarter worth $33,000. Covestor Ltd boosted its stake in Helmerich & Payne by 253.4% in the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 674 shares in the last quarter. Blue Trust Inc. boosted its stake in Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 854 shares in the last quarter. Whittier Trust Co. boosted its stake in Helmerich & Payne by 94.9% in the first quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after buying an additional 595 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Helmerich & Payne in the third quarter valued at about $61,000. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

Shares of HP opened at $33.60 on Friday. 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 current ratio of 2.12 and a quick ratio of 1.87. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.67 and a beta of 1.42. The business has a 50-day moving average of $32.82 and a 200-day moving average of $35.65.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.98%. Helmerich & Payne’s dividend payout ratio (DPR) is 28.99%.

Analysts Set New Price Targets

HP has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. The Goldman Sachs Group dropped their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Finally, Piper Sandler dropped their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $40.29.

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.