Boston Trust Walden Corp Reduces Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Boston Trust Walden Corp reduced its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 36.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836,173 shares of the oil and gas company's stock after selling 487,446 shares during the period. Boston Trust Walden Corp owned about 0.84% of Helmerich & Payne worth $21,841,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of HP. Connor Clark & Lunn Investment Management Ltd. increased its position in Helmerich & Payne by 18.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company's stock worth $13,242,000 after buying an additional 64,971 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Helmerich & Payne during the fourth quarter worth $2,788,000. Private Capital Management LLC purchased a new position in Helmerich & Payne during the third quarter worth $1,095,000. Fisher Asset Management LLC increased its position in Helmerich & Payne by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company's stock worth $45,268,000 after buying an additional 62,377 shares in the last quarter. Finally, Magnetar Financial LLC increased its position in Helmerich & Payne by 389.3% during the fourth quarter. Magnetar Financial LLC now owns 38,754 shares of the oil and gas company's stock worth $1,241,000 after buying an additional 30,833 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Trading Down 1.7%

Helmerich & Payne stock traded down $0.30 during midday trading on Friday, reaching $17.08. The stock had a trading volume of 2,044,268 shares, compared to its average volume of 1,713,275. Helmerich & Payne, Inc. has a twelve month low of $14.65 and a twelve month high of $42.60. The stock has a market capitalization of $1.70 billion, a PE ratio of 7.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.68. The stock's 50-day simple moving average is $18.05 and its 200 day simple moving average is $25.21.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its 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 7.15% and a return on equity of 8.25%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. During the same quarter in the previous year, the business posted $0.84 EPS. Helmerich & Payne's revenue was up 47.7% compared to the same quarter last year. Analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Friday, August 15th. Helmerich & Payne's dividend payout ratio is presently 45.66%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HP shares. JPMorgan Chase & Co. dropped their price target on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Citigroup reaffirmed a "neutral" rating and issued a $19.00 price objective (down previously from $25.00) on shares of Helmerich & Payne in a research report on Monday, May 19th. The Goldman Sachs Group lowered their price objective 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. Barclays lowered their price objective on Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday. Finally, TD Cowen lowered their price objective on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus target price of $27.45.

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.