Vident Advisory LLC Makes New Investment in Helmerich & Payne, Inc. (NYSE:HP)

Vident Advisory LLC purchased a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,509 shares of the oil and gas company's stock, valued at approximately $657,000.

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

Helmerich & Payne Stock Down 0.2%

Shares of HP traded down $0.03 during trading hours on Friday, hitting $15.29. The company had a trading volume of 453,276 shares, compared to its average volume of 1,622,425. The firm has a fifty day moving average price of $19.79 and a 200-day moving average price of $27.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 5.02, a P/E/G ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $42.60.

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 (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Helmerich & Payne's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's dividend payout ratio is presently 45.66%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HP. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday. Royal Bank of Canada cut their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Finally, Wall Street Zen cut shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Helmerich & Payne presently has a consensus rating of "Hold" and an average price target of $27.73.

Helmerich & Payne 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.