Boston Trust Walden Corp Trims Stake in Helmerich & Payne, Inc. (NYSE:HP)

Boston Trust Walden Corp cut its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,323,619 shares of the oil and gas company’s stock after selling 27,820 shares during the period. Boston Trust Walden Corp owned approximately 1.34% of Helmerich & Payne worth $42,382,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DMC Group LLC increased its stake in Helmerich & Payne by 22.0% in the fourth quarter. DMC Group LLC now owns 10,180 shares of the oil and gas company’s stock worth $326,000 after purchasing an additional 1,836 shares during the period. KBC Group NV grew its holdings in shares of Helmerich & Payne by 56.5% in the fourth quarter. KBC Group NV now owns 4,899 shares of the oil and gas company’s stock worth $157,000 after purchasing an additional 1,769 shares during the last quarter. Blue Trust Inc. increased its stake in Helmerich & Payne by 143.3% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company’s stock worth $113,000 after buying an additional 2,181 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Helmerich & Payne by 5.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 33,567 shares of the oil and gas company’s stock valued at $1,075,000 after buying an additional 1,764 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Helmerich & Payne by 19.4% in the 4th quarter. SG Americas Securities LLC now owns 14,504 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 2,357 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Down 0.9 %

Shares of Helmerich & Payne stock opened at $31.30 on Tuesday. 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 company has a market cap of $3.15 billion, a P/E ratio of 9.10, a PEG ratio of 3.88 and a beta of 1.37. The firm’s 50 day moving average price is $33.48 and its 200-day moving average price is $33.90. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting the consensus estimate of $0.76. The business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.69 earnings per share. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s payout ratio is 29.07%.

Analyst Ratings Changes

Several analysts have recently weighed in on HP shares. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada decreased their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research report on Friday, November 15th. Evercore ISI reissued an “in-line” rating and set a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Barclays decreased their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Finally, Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $40.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.50.

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.