MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,019 shares of the oil and gas company's stock after selling 38,546 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Helmerich & Payne worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of HP. Kestra Investment Management LLC purchased a new stake in Helmerich & Payne in the 4th quarter valued at $27,000. Covestor Ltd raised its position in Helmerich & Payne by 61.3% in the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after buying an additional 907 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Helmerich & Payne by 82.5% in 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 buying an additional 1,268 shares during the last quarter. Sterling Capital Management LLC raised its position in Helmerich & Payne by 817.5% in 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 buying an additional 2,714 shares during the last quarter. Finally, Blue Trust Inc. raised its position in 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 valued at $113,000 after buying an additional 2,181 shares during the last quarter. Institutional investors own 96.05% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Barclays reduced their price objective on Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Citigroup restated a "neutral" rating and issued a $19.00 price objective (down previously from $25.00) on shares of Helmerich & Payne in a research note on Monday, May 19th. Morgan Stanley reduced their price objective on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and an average price target of $28.80.
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Helmerich & Payne Stock Performance
Shares of HP stock traded down $0.17 on Wednesday, hitting $15.24. 281,315 shares of the stock were exchanged, compared to its average volume of 1,612,826. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.51 billion, a PE ratio of 5.03, a P/E/G ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $42.60. The firm's 50 day moving average is $20.18 and its two-hundred day moving average is $27.38.
Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.63). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The firm's revenue was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. Sell-side analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.
Helmerich & Payne Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 6.56%. 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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