Deprince Race & Zollo Inc. decreased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 891,483 shares of the oil and gas company's stock after selling 278,351 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.90% of Helmerich & Payne worth $28,545,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in Helmerich & Payne during the 4th quarter worth $27,000. Covestor Ltd grew its position in Helmerich & Payne by 61.3% in the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after buying an additional 907 shares in the last quarter. Steph & Co. acquired a new position in Helmerich & Payne during the 4th quarter valued at about $87,000. Smartleaf Asset Management LLC lifted its position in 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 period. Finally, Sterling Capital Management LLC lifted its position in 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 period. Institutional investors own 96.05% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Barclays cut their price objective on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. TD Cowen dropped their target price on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Friday. Susquehanna cut their target price on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Morgan Stanley restated an "underweight" rating and issued a $27.00 price target on shares of Helmerich & Payne in a research report on Thursday, March 27th. Finally, Argus upgraded Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne currently has an average rating of "Hold" and a consensus price target of $31.20.
View Our Latest Stock Report on HP
Helmerich & Payne Stock Up 0.1%
Shares of Helmerich & Payne stock traded up $0.02 during trading on Tuesday, hitting $19.29. 947,718 shares of the stock traded hands, compared to its average volume of 1,546,126. The stock has a market cap of $1.92 billion, a P/E ratio of 6.35, a PEG ratio of 3.52 and a beta of 0.93. The company has a fifty day moving average price of $22.08 and a two-hundred day moving average price of $28.69. Helmerich & Payne, Inc. has a twelve month low of $17.60 and a twelve 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.
Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. During the same quarter in the prior year, the business posted $0.84 EPS. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. Equities research analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.
Helmerich & Payne Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.18%. Helmerich & Payne's payout ratio is currently 45.66%.
Helmerich & Payne Company Profile
(
Free Report)
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.
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