Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by CoreCommodity Management LLC

CoreCommodity Management LLC cut its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,889 shares of the oil and gas company's stock after selling 32,139 shares during the quarter. Helmerich & Payne makes up about 0.7% of CoreCommodity Management LLC's investment portfolio, making the stock its 24th biggest position. CoreCommodity Management LLC owned about 0.11% of Helmerich & Payne worth $3,423,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HP. Kestra Investment Management LLC bought a new stake in shares of Helmerich & Payne in the fourth quarter worth about $27,000. Covestor Ltd increased its holdings in shares of Helmerich & Payne by 61.3% in the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after purchasing an additional 907 shares during the last quarter. Steph & Co. bought a new stake in shares of Helmerich & Payne in the fourth quarter worth about $87,000. Smartleaf Asset Management LLC increased its holdings in shares of Helmerich & Payne by 82.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock worth $88,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Helmerich & Payne by 817.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock worth $98,000 after purchasing an additional 2,714 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Up 5.3%

NYSE:HP traded up $0.96 during trading hours on Monday, reaching $19.24. The company's stock had a trading volume of 861,289 shares, compared to its average volume of 1,544,008. The company has a market capitalization of $1.91 billion, a P/E ratio of 6.32, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a 12 month low of $17.60 and a 12 month high of $42.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a 50 day moving average price of $22.20 and a two-hundred day moving average price of $28.80.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business's revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Equities analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's payout ratio is 45.66%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HP. Argus raised Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Citigroup dropped their price target on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Evercore ISI reiterated an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Susquehanna dropped their price target on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price target on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $31.20.

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.