Amalgamated Bank Decreases Stake in Helmerich & Payne, Inc. (NYSE:HP)

Amalgamated Bank lessened its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,097 shares of the oil and gas company’s stock after selling 1,022 shares during the period. Amalgamated Bank’s holdings in Helmerich & Payne were worth $885,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of Helmerich & Payne by 48.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,533 shares of the oil and gas company’s stock worth $443,000 after acquiring an additional 3,416 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Helmerich & Payne by 9.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,855 shares of the oil and gas company’s stock valued at $372,000 after buying an additional 734 shares during the period. SG Americas Securities LLC grew its stake in shares of Helmerich & Payne by 53.2% in the 1st quarter. SG Americas Securities LLC now owns 19,714 shares of the oil and gas company’s stock valued at $829,000 after buying an additional 6,842 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Helmerich & Payne during the 1st quarter worth approximately $33,000. Finally, Russell Investments Group Ltd. raised its position in shares of Helmerich & Payne by 10.3% during the 1st 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. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of HP opened at $33.93 on Friday. The company has a market cap of $3.35 billion, a P/E ratio of 9.83, a PEG ratio of 3.83 and a beta of 1.40. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average price is $33.41 and its 200 day moving average price is $35.22.

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 paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s payout ratio is currently 28.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup cut their target price on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. 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 research report on Thursday, August 29th. Evercore ISI raised shares of Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Finally, Barclays decreased their price objective on shares of Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $40.29.

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.