Blue Trust Inc. Increases Position in Helmerich & Payne, Inc. (NYSE:HP)

Blue Trust Inc. boosted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 143.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,703 shares of the oil and gas company’s stock after buying an additional 2,181 shares during the period. Blue Trust Inc.’s holdings in Helmerich & Payne were worth $113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HP. Creative Planning boosted its position in shares of Helmerich & Payne by 33.1% during the 2nd quarter. Creative Planning now owns 20,882 shares of the oil and gas company’s stock valued at $755,000 after acquiring an additional 5,196 shares during the last quarter. Fulton Bank N.A. raised its stake in Helmerich & Payne by 8.9% during the third quarter. Fulton Bank N.A. now owns 10,141 shares of the oil and gas company’s stock valued at $308,000 after purchasing an additional 825 shares in the last quarter. BWM Planning LLC bought a new position in Helmerich & Payne during the third quarter valued at $1,291,000. Exchange Traded Concepts LLC grew its stake in shares of Helmerich & Payne by 38.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,803 shares of the oil and gas company’s stock worth $967,000 after buying an additional 8,907 shares in the last quarter. Finally, Fruth Investment Management increased its holdings in shares of Helmerich & Payne by 6.3% in the 3rd quarter. Fruth Investment Management now owns 13,425 shares of the oil and gas company’s stock worth $408,000 after buying an additional 800 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Price Performance

NYSE HP opened at $27.85 on Friday. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 3.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The stock’s fifty day moving average price is $33.27 and its 200 day moving average price is $33.81. Helmerich & Payne, Inc. has a 1 year low of $27.56 and a 1 year high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. As a group, equities research analysts forecast that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HP. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Evercore ISI restated an “in-line” rating and issued a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Royal Bank of Canada reduced their target price on shares of 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. Finally, Barclays dropped their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.50.

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.