Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Creative Planning

Creative Planning increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,656 shares of the oil and gas company’s stock after buying an additional 2,774 shares during the quarter. Creative Planning’s holdings in Helmerich & Payne were worth $720,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UniSuper Management Pty Ltd acquired a new stake in shares of Helmerich & Payne in the first quarter valued at $1,065,000. Russell Investments Group Ltd. lifted its holdings in shares of Helmerich & Payne by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 153,022 shares of the oil and gas company’s stock valued at $6,436,000 after buying an additional 14,347 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Helmerich & Payne by 13.1% in the second quarter. Wedge Capital Management L L P NC now owns 188,402 shares of the oil and gas company’s stock valued at $6,809,000 after buying an additional 21,852 shares during the period. Caxton Associates LP acquired a new stake in shares of Helmerich & Payne in the first quarter valued at $642,000. Finally, LSV Asset Management lifted its holdings in shares of Helmerich & Payne by 37.9% in the first quarter. LSV Asset Management now owns 784,139 shares of the oil and gas company’s stock valued at $32,981,000 after buying an additional 215,339 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HP shares. The Goldman Sachs Group cut their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Piper Sandler reduced their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Finally, Bank of America reduced their target price on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.29.

Helmerich & Payne Stock Down 2.0 %

NYSE:HP opened at $32.93 on Monday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 3.56 and a beta of 1.40. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $32.83 and its 200 day moving average price is $35.54.

Helmerich & Payne Announces Dividend

The firm also recently declared 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. This represents a $1.00 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is 28.99%.

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.