Tidal Investments LLC Has $1.35 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

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

A number of other institutional investors also recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new stake in Helmerich & Payne during the fourth quarter worth approximately $27,000. Covestor Ltd boosted its stake in Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 907 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Helmerich & Payne by 82.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock valued at $88,000 after purchasing an additional 1,268 shares during the period. Sterling Capital Management LLC increased its position in shares of Helmerich & Payne by 817.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock valued at $98,000 after purchasing an additional 2,714 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Helmerich & Payne by 143.3% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company's stock worth $113,000 after buying an additional 2,181 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on HP. Argus raised Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Barclays cut their price target on shares of Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Susquehanna reduced their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Morgan Stanley dropped their target price on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 16th. Finally, The Goldman Sachs Group cut their target price on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.73.

Helmerich & Payne Trading Up 0.5%

Shares of HP stock traded up $0.08 during trading hours on Thursday, reaching $15.28. 892,311 shares of the stock traded hands, compared to its average volume of 1,822,773. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.52 billion, a PE ratio of 5.03, a PEG ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a 1-year low of $14.65 and a 1-year high of $42.60. The business has a fifty day moving average price of $19.99 and a 200 day moving average price of $27.29.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its 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). 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 during the quarter, compared to analysts' expectations of $961.03 million. During the same quarter in the previous year, the company earned $0.84 EPS. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.55%. Helmerich & Payne's dividend payout ratio is 45.66%.

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.