Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 7.9% in the third quarter, HoldingsChannel reports. The firm owned 12,102 shares of the oil and gas company’s stock after selling 1,041 shares during the period. Mather Group LLC.’s holdings in Helmerich & Payne were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HP. Gendell Jeffrey L grew its position in Helmerich & Payne by 44.9% in the 4th quarter. Gendell Jeffrey L now owns 405,776 shares of the oil and gas company’s stock valued at $14,697,000 after buying an additional 125,671 shares in the last quarter. UniSuper Management Pty Ltd bought a new position in shares of Helmerich & Payne in the first quarter valued at approximately $1,065,000. Russell Investments Group Ltd. increased its stake in shares of Helmerich & Payne by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 153,022 shares of the oil and gas company’s stock valued at $6,436,000 after acquiring an additional 14,347 shares during the period. Wedge Capital Management L L P NC raised its holdings in Helmerich & Payne by 13.1% during the second quarter. Wedge Capital Management L L P NC now owns 188,402 shares of the oil and gas company’s stock worth $6,809,000 after purchasing an additional 21,852 shares in the last quarter. Finally, Profit Investment Management LLC lifted its position in Helmerich & Payne by 51.4% in the first quarter. Profit Investment Management LLC now owns 79,792 shares of the oil and gas company’s stock worth $3,356,000 after purchasing an additional 27,101 shares during the period. 96.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HP shares. Royal Bank of Canada lifted their price target on Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Bank of America lowered their target price on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a report on Monday, July 15th. Citigroup cut their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Piper Sandler lowered their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Finally, Evercore ISI raised shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Helmerich & Payne currently has an average rating of “Hold” and a consensus price target of $40.88.

Helmerich & Payne Stock Performance

Helmerich & Payne stock opened at $35.12 on Friday. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.80. The firm’s 50 day simple moving average is $32.76 and its 200-day simple moving average is $36.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The company has a market cap of $3.47 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.15. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The firm had revenue of $697.70 million for the quarter, compared to analysts’ expectations of $670.78 million. During the same period in the previous year, the company posted $1.09 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Helmerich & Payne, Inc. will post 3.48 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 28.57%.

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.