Wedge Capital Management L L P NC Has $7.16 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Wedge Capital Management L L P NC grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 66.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 197,672 shares of the oil and gas company's stock after acquiring an additional 78,983 shares during the quarter. Wedge Capital Management L L P NC owned 0.20% of Helmerich & Payne worth $7,160,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HP. LSV Asset Management acquired a new position in Helmerich & Payne during the third quarter worth about $202,000. Capital Investment Advisors LLC acquired a new position in shares of Helmerich & Payne in the third quarter valued at approximately $222,000. AlphaMark Advisors LLC increased its stake in shares of Helmerich & Payne by 5.8% in the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company's stock valued at $230,000 after buying an additional 346 shares during the period. Cottage Street Advisors LLC acquired a new position in shares of Helmerich & Payne in the third quarter valued at approximately $236,000. Finally, Advisor Partners II LLC acquired a new position in shares of Helmerich & Payne in the third quarter valued at approximately $251,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Trading Up 0.3 %

Shares of NYSE:HP traded up $0.11 during trading on Wednesday, hitting $42.43. The company had a trading volume of 1,888,640 shares, compared to its average volume of 1,303,337. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.98 and a beta of 1.51. Helmerich & Payne, Inc. has a one year low of $30.41 and a one year high of $46.55. The company has a fifty day simple moving average of $40.60 and a two-hundred day simple moving average of $38.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.11 and a quick ratio of 1.89.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $661.81 million. During the same period last year, the company earned $1.11 EPS. Helmerich & Payne's quarterly revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders 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 yield of 3.96%. Helmerich & Payne's dividend payout ratio is currently 23.87%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HP. Piper Sandler increased their target price on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a "neutral" rating in a research report on Tuesday, February 20th. Citigroup increased their target price on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Tuesday, April 16th. Barclays downgraded shares of Helmerich & Payne from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. Susquehanna increased their price target on Helmerich & Payne from $50.00 to $52.00 and gave the stock a "positive" rating in a report on Monday, April 8th. Finally, Royal Bank of Canada increased their target price on Helmerich & Payne from $46.00 to $48.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and a consensus target price of $42.88.

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.