Hilton Capital Management LLC Has $1.01 Million Position in Helmerich & Payne, Inc. (NYSE:HP)

Hilton Capital Management LLC lifted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 30.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,053 shares of the oil and gas company’s stock after buying an additional 7,624 shares during the period. Hilton Capital Management LLC’s holdings in Helmerich & Payne were worth $1,005,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HP. American Century Companies Inc. grew its position in Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after purchasing an additional 513,647 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Helmerich & Payne by 15.7% during the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock valued at $125,392,000 after buying an additional 471,420 shares during the last quarter. LSV Asset Management grew its stake in shares of Helmerich & Payne by 51.7% in the 2nd quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company’s stock valued at $42,982,000 after buying an additional 405,179 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Helmerich & Payne by 9.4% in the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after buying an additional 327,802 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Helmerich & Payne by 120.6% during the second quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company’s stock valued at $13,267,000 after acquiring an additional 200,700 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. The Goldman Sachs Group lowered their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Barclays reduced their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday. Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average price target of $38.57.

Helmerich & Payne Price Performance

NYSE:HP opened at $33.73 on Thursday. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.33 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 3.62 and a beta of 1.40. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11. The company’s 50-day moving average price is $33.65 and its two-hundred day moving average price is $35.04.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. During the same period in the previous year, the business earned $0.69 EPS. Helmerich & Payne’s revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.57 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.96%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

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.