Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its stake in Helmerich & Payne, Inc. (NYSE:HP) by 5.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,383 shares of the oil and gas company’s stock after selling 1,132 shares during the period. Stifel Financial Corp’s holdings in Helmerich & Payne were worth $590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd increased its stake in shares of Helmerich & Payne by 76.9% during the third 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 during the period. Blue Trust Inc. raised its stake 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 buying an additional 854 shares in the last quarter. Quarry LP purchased a new position in shares of Helmerich & Payne during the 3rd quarter worth approximately $48,000. Headlands Technologies LLC raised its position in Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after acquiring an additional 757 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Helmerich & Payne during the third quarter worth about $61,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Up 0.7 %

Shares of HP opened at $30.72 on Thursday. The company’s fifty day moving average is $34.02 and its two-hundred day moving average is $34.33. 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 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.03 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 4.21 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $695.99 million. During the same period in the previous year, the firm earned $0.69 earnings per share. Helmerich & Payne’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts forecast that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.26%. Helmerich & Payne’s payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada decreased their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. The Goldman Sachs Group dropped their price target 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. Barclays decreased their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Finally, Citigroup lowered their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.