Deutsche Bank AG trimmed its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 40.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 303,444 shares of the oil and gas company's stock after selling 204,898 shares during the quarter. Deutsche Bank AG owned 0.31% of Helmerich & Payne worth $9,716,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC raised its position in Helmerich & Payne by 320.2% in the 3rd quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock worth $6,035,000 after purchasing an additional 151,196 shares during the period. Park Avenue Securities LLC purchased a new stake in Helmerich & Payne in the 4th quarter worth about $209,000. Steph & Co. purchased a new stake in Helmerich & Payne in the 4th quarter worth about $87,000. SignalPoint Asset Management LLC purchased a new stake in Helmerich & Payne in the 4th quarter worth about $207,000. Finally, Profit Investment Management LLC raised its position in Helmerich & Payne by 9.4% in the 4th quarter. Profit Investment Management LLC now owns 76,461 shares of the oil and gas company's stock worth $2,448,000 after purchasing an additional 6,546 shares during the period. 96.05% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Friday, May 9th. The Goldman Sachs Group dropped their target price on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Susquehanna dropped their target price on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Finally, Citigroup dropped their target price on shares of Helmerich & Payne from $32.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $29.40.
Check Out Our Latest Research Report on HP
Helmerich & Payne Price Performance
NYSE HP opened at $17.82 on Friday. 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 firm's 50 day moving average price is $21.53 and its 200-day moving average price is $28.34. Helmerich & Payne, Inc. has a 52-week low of $17.49 and a 52-week high of $42.60. The company has a market cap of $1.77 billion, a PE ratio of 5.86, a P/E/G ratio of 3.52 and a beta of 0.93.
Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $961.03 million. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. Sell-side analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.
Helmerich & Payne Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.61%. Helmerich & Payne's dividend payout ratio (DPR) is 45.66%.
About Helmerich & Payne
(
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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