Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Capital Investment Counsel Inc

Capital Investment Counsel Inc lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,683 shares of the oil and gas company’s stock after acquiring an additional 2,100 shares during the quarter. Capital Investment Counsel Inc owned about 0.08% of Helmerich & Payne worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Global Alpha Capital Management Ltd. grew its position in Helmerich & Payne by 51.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 559,491 shares of the oil and gas company’s stock worth $23,588,000 after purchasing an additional 190,400 shares during the last quarter. Boston Trust Walden Corp increased its stake in shares of Helmerich & Payne by 1.6% during the 4th quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock worth $80,218,000 after purchasing an additional 34,863 shares during the last quarter. Gotham Asset Management LLC increased its stake in shares of Helmerich & Payne by 92.7% during the 3rd quarter. Gotham Asset Management LLC now owns 59,596 shares of the oil and gas company’s stock worth $2,513,000 after purchasing an additional 28,675 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Helmerich & Payne during the 3rd quarter worth $1,053,000. Finally, Deutsche Bank AG boosted its holdings in shares of Helmerich & Payne by 37.4% during the 3rd quarter. Deutsche Bank AG now owns 61,596 shares of the oil and gas company’s stock worth $2,597,000 after buying an additional 16,774 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analysts Set New Price Targets

HP has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Helmerich & Payne from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Susquehanna dropped their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a research note on Friday. The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a report on Friday, January 12th. Royal Bank of Canada boosted their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Finally, Barclays cut shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $44.00 to $40.00 in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $42.63.

Helmerich & Payne Stock Performance

Shares of HP traded down $0.26 during trading hours on Monday, hitting $40.13. The company had a trading volume of 43,695 shares, compared to its average volume of 1,301,799. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.93 and a beta of 1.51. The business has a fifty day moving average of $40.75 and a 200-day moving average of $38.66. Helmerich & Payne, Inc. has a 12 month low of $30.41 and a 12 month high of $46.55. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.24. The company had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The company’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. Equities analysts anticipate that Helmerich & Payne, Inc. will post 3.59 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 4.19%. Helmerich & Payne’s payout ratio is 28.57%.

About Helmerich & Payne

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.