Helmerich & Payne, Inc. (NYSE:HP) Holdings Lowered by Capital Advisors Inc. OK

Capital Advisors Inc. OK lowered its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 33.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,836 shares of the oil and gas company's stock after selling 31,596 shares during the period. Capital Advisors Inc. OK owned 0.06% of Helmerich & Payne worth $2,240,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HP. Rockefeller Capital Management L.P. lifted its stake in Helmerich & Payne by 221.1% during 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 acquiring an additional 367 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Helmerich & Payne during the fourth quarter valued at $45,000. Steward Partners Investment Advisory LLC boosted its holdings in Helmerich & Payne by 689.7% in the fourth 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. Quarry LP acquired a new stake in Helmerich & Payne during the 1st quarter worth about $43,000. Finally, Resurgent Financial Advisors LLC purchased a new position in shares of Helmerich & Payne during the 4th quarter valued at about $65,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HP shares. Barclays cut shares of Helmerich & Payne from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, January 10th. Benchmark lowered Helmerich & Payne from a "buy" rating to a "hold" rating in a research note on Tuesday, January 16th. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $37.00 to $33.00 and set a "sell" rating on the stock in a research report on Friday, January 12th. Susquehanna upped their target price on Helmerich & Payne from $50.00 to $52.00 and gave the stock a "positive" rating in a research note on Monday, April 8th. Finally, Piper Sandler lifted their price target on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a "neutral" rating in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $42.88.

Helmerich & Payne Stock Down 1.5 %

Helmerich & Payne stock traded down $0.63 during trading on Friday, reaching $41.79. The stock had a trading volume of 1,012,643 shares, compared to its average volume of 1,047,254. Helmerich & Payne, Inc. has a 52-week low of $30.41 and a 52-week high of $46.55. The business has a 50 day moving average price of $40.09 and a 200 day moving average price of $38.62. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.13 billion, a PE ratio of 9.97, a P/E/G ratio of 9.06 and a beta of 1.51.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.24. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. During the same quarter last year, the company posted $1.11 earnings per share. The business's revenue was down 6.0% on a year-over-year basis. On average, analysts predict that Helmerich & Payne, Inc. will post 3.59 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a yield of 4.02%. Helmerich & Payne's dividend payout ratio is currently 23.87%.

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.