Wedge Capital Management L L P NC Has $4.43 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Wedge Capital Management L L P NC decreased its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,423 shares of the oil and gas company's stock after selling 15,961 shares during the period. Wedge Capital Management L L P NC owned 0.17% of Helmerich & Payne worth $4,425,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HP. Earnest Partners LLC boosted its position in Helmerich & Payne by 1.0% during the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock valued at $111,654,000 after purchasing an additional 35,013 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Helmerich & Payne by 14.0% during the 4th quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company's stock worth $85,121,000 after purchasing an additional 327,374 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Helmerich & Payne by 5.1% in the 4th quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company's stock valued at $54,414,000 after buying an additional 82,254 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Helmerich & Payne by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company's stock valued at $49,885,000 after buying an additional 53,277 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Helmerich & Payne by 27.7% in the fourth quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company's stock valued at $48,739,000 after buying an additional 329,734 shares in the last quarter. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock traded up $1.29 during trading on Tuesday, reaching $18.90. The company's stock had a trading volume of 3,438,609 shares, compared to its average volume of 1,673,381. The business's 50-day moving average price is $18.44 and its 200-day moving average price is $26.15. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $42.60. The firm has a market cap of $1.88 billion, a PE ratio of 6.22, a P/E/G ratio of 3.52 and a beta of 0.83. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The firm's quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Equities analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, August 15th. Helmerich & Payne's dividend payout ratio (DPR) is currently 45.66%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on HP shares. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. 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. Susquehanna reduced their price target on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a report on Monday, April 14th. Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. dropped their price objective 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 research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of "Hold" and a consensus 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.