Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 39.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,287 shares of the oil and gas company's stock after selling 28,115 shares during the period. Tidal Investments LLC's holdings in Helmerich & Payne were worth $1,354,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of 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 in the last quarter. Park Avenue Securities LLC bought a new stake in Helmerich & Payne in the 4th quarter worth about $209,000. SG Americas Securities LLC increased its holdings in Helmerich & Payne by 19.4% in the 4th quarter. SG Americas Securities LLC now owns 14,504 shares of the oil and gas company's stock worth $464,000 after buying an additional 2,357 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Helmerich & Payne by 5.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 33,567 shares of the oil and gas company's stock worth $1,075,000 after buying an additional 1,764 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Helmerich & Payne by 143.3% during the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company's stock valued at $113,000 after acquiring an additional 2,181 shares during the period. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Price Performance

Shares of NYSE HP traded down $0.03 during mid-day trading on Friday, reaching $15.29. The company's stock had a trading volume of 400,231 shares, compared to its average volume of 1,622,268. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $42.60. The stock has a fifty day moving average of $19.79 and a two-hundred day moving average of $27.14. The firm has a market capitalization of $1.52 billion, a PE ratio of 5.05, a P/E/G ratio of 3.52 and a beta of 0.93.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS 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 firm 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 company posted $0.84 earnings per share. The firm's revenue was up 47.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 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 6.54%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne's dividend payout ratio is currently 45.66%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup reaffirmed a "neutral" rating and set a $19.00 target price (down from $25.00) on shares of Helmerich & Payne in a report on Monday, May 19th. Royal Bank of Canada reduced their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Wall Street Zen downgraded Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. TD Cowen cut their price target on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday, May 9th. Finally, Susquehanna decreased their price objective on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.73.

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.