Barclays PLC Has $6.04 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Barclays PLC boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 320.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,415 shares of the oil and gas company's stock after purchasing an additional 151,196 shares during the quarter. Barclays PLC owned about 0.20% of Helmerich & Payne worth $6,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd increased its holdings in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 643 shares during the period. Blue Trust Inc. grew its holdings in shares of Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after purchasing an additional 854 shares in the last quarter. Quarry LP bought a new stake in shares of Helmerich & Payne during the third quarter valued at approximately $48,000. Headlands Technologies LLC raised its stake in shares of Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock valued at $56,000 after purchasing an additional 757 shares in the last quarter. Finally, Eastern Bank bought a new position in Helmerich & Payne in the third quarter worth $61,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Wall Street Analysts Forecast Growth

HP has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Thursday, August 29th. Citigroup reduced their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, September 13th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Royal Bank of Canada reduced 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 report on Friday, November 15th. Finally, Barclays dropped their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Helmerich & Payne has an average rating of "Hold" and a consensus target price of $38.57.

Helmerich & Payne Stock Up 0.5 %

NYSE HP traded up $0.15 on Friday, reaching $30.45. The company had a trading volume of 5,879,664 shares, compared to its average volume of 1,400,634. The company's fifty day moving average is $34.39 and its 200-day moving average is $34.47. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 4.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $695.99 million. During the same quarter last year, the firm earned $0.69 EPS. Helmerich & Payne's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts forecast that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's dividend payout ratio is currently 29.07%.

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.