Boston Trust Walden Corp Reduces Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Boston Trust Walden Corp reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period.

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

Helmerich & Payne Trading Up 4.6 %

Shares of HP traded up $1.42 during mid-day trading on Tuesday, reaching $32.62. The company had a trading volume of 1,303,354 shares, compared to its average volume of 1,203,825. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The firm has a fifty day simple moving average of $33.48 and a 200-day simple moving average of $33.90. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 3.88 and a beta of 1.37. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its 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. 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 period last year, the company posted $0.69 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts anticipate 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. Stockholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating for the company in a report on Friday, November 15th. Barclays reduced their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 20th. Evercore ISI reaffirmed an "in-line" rating and issued a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Citigroup raised Helmerich & Payne from a "neutral" rating to a "buy" rating and increased their price target for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.