Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 641,994 shares of the oil and gas company's stock after selling 29,892 shares during the period. Segall Bryant & Hamill LLC owned about 0.65% of Helmerich & Payne worth $16,769,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HP. Balyasny Asset Management L.P. purchased a new position in Helmerich & Payne in the 4th quarter worth approximately $28,708,000. Victory Capital Management Inc. lifted its stake in Helmerich & Payne by 28.4% in the 1st quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company's stock worth $92,809,000 after purchasing an additional 786,250 shares in the last quarter. Norges Bank purchased a new position in Helmerich & Payne in the 4th quarter worth approximately $21,572,000. Bank of America Corp DE lifted its stake in Helmerich & Payne by 542.9% in the 4th quarter. Bank of America Corp DE now owns 523,047 shares of the oil and gas company's stock worth $16,748,000 after purchasing an additional 441,688 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in Helmerich & Payne in the 4th quarter worth approximately $10,931,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HP. The Goldman Sachs Group reduced their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, June 24th. TD Cowen reduced their price target on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Wall Street Zen lowered shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Barclays reduced their price target on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, June 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $23.10.

Helmerich & Payne Trading Down 2.8%

NYSE HP traded down $0.45 on Friday, reaching $15.54. The stock had a trading volume of 1,671,307 shares, compared to its average volume of 1,771,337. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 7.10 and a beta of 0.82. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $42.60. The stock has a fifty day moving average price of $16.72 and a two-hundred day moving average price of $23.10.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced 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). The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $961.03 million. Helmerich & Payne had a net margin of 7.15% and a return on equity of 8.25%. The firm's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. As a group, sell-side analysts forecast 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, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.44%. Helmerich & Payne's dividend payout ratio (DPR) is 45.66%.

About Helmerich & Payne

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.