Captrust Financial Advisors raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,494 shares of the oil and gas company’s stock after purchasing an additional 1,292 shares during the quarter. Captrust Financial Advisors’ holdings in Helmerich & Payne were worth $1,131,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HP. Dimensional Fund Advisors LP grew its position in shares of Helmerich & Payne by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,382,144 shares of the oil and gas company’s stock worth $124,136,000 after acquiring an additional 119,306 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Helmerich & Payne by 12.8% in the 3rd quarter. Nordea Investment Management AB now owns 18,193 shares of the oil and gas company’s stock worth $948,000 after acquiring an additional 2,065 shares in the last quarter. U S Global Investors Inc. acquired a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $469,000. Bank of New York Mellon Corp grew its position in shares of Helmerich & Payne by 8.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,515,807 shares of the oil and gas company’s stock worth $183,208,000 after acquiring an additional 265,249 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Helmerich & Payne by 1.2% in the 4th quarter. BlackRock Inc. now owns 11,346,521 shares of the oil and gas company’s stock worth $733,438,000 after acquiring an additional 129,250 shares in the last quarter.
Shares of Helmerich & Payne, Inc. (NYSE:HP) opened at $64.63 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.89 and a current ratio of 3.28. The firm has a market capitalization of $7,040.00, a price-to-earnings ratio of 7.81 and a beta of 1.31. Helmerich & Payne, Inc. has a 12 month low of $42.16 and a 12 month high of $75.02.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Thursday, May 17th. Helmerich & Payne’s payout ratio is currently 33.86%.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Monday. Susquehanna Bancshares upgraded Helmerich & Payne from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $42.16 to $75.00 in a research report on Friday, March 9th. UBS Group upgraded Helmerich & Payne from a “neutral” rating to a “positive” rating in a research report on Friday, March 9th. Stephens assumed coverage on Helmerich & Payne in a research report on Tuesday, January 9th. They issued an “equal weight” rating and a $67.00 target price for the company. Finally, Sanford C. Bernstein lowered Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research report on Monday, January 29th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $58.00.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of Helmerich & Payne stock in a transaction on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the sale, the director now owns 12,525 shares of the company’s stock, valued at approximately $723,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.10% of the stock is owned by insiders.
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About Helmerich & Payne
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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