Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,405 shares of the oil and gas company's stock after acquiring an additional 26,914 shares during the quarter. New York State Teachers Retirement System owned 0.16% of Helmerich & Payne worth $5,774,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HP. Rockefeller Capital Management L.P. boosted its position in Helmerich & Payne by 221.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company's stock valued at $26,000 after buying an additional 367 shares during the last quarter. Quarry LP bought a new stake in Helmerich & Payne during the 1st quarter worth about $43,000. Coppell Advisory Solutions Corp. acquired a new position in Helmerich & Payne during the 4th quarter valued at about $45,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Helmerich & Payne by 689.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,145 shares of the oil and gas company's stock valued at $57,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of Helmerich & Payne during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a "sell" rating on the stock in a research report on Friday, January 12th. Royal Bank of Canada upped their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 31st. Barclays lowered Helmerich & Payne from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. Piper Sandler increased their price target on Helmerich & Payne from $41.00 to $44.00 and gave the stock a "neutral" rating in a report on Tuesday, February 20th. Finally, Susquehanna lifted their price objective on Helmerich & Payne from $50.00 to $52.00 and gave the company a "positive" rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of "Hold" and an average target price of $42.88.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock traded down $0.63 during midday trading on Friday, hitting $41.79. 1,012,643 shares of the company traded hands, compared to its average volume of 1,047,254. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 9.19 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.89 and a current ratio of 2.11. The firm's fifty day moving average price is $40.09 and its 200-day moving average price is $38.67. Helmerich & Payne, Inc. has a 12 month low of $30.41 and a 12 month high of $46.55.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.24. The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The business's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. As a group, sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.47 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. Helmerich & Payne's dividend payout ratio (DPR) is presently 23.87%.

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.