Charles Schwab Investment Management Inc. Grows Position in Helmerich & Payne, Inc. (NYSE:HP)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,504,654 shares of the oil and gas company's stock after purchasing an additional 49,982 shares during the period. Charles Schwab Investment Management Inc. owned about 1.52% of Helmerich & Payne worth $45,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Helmerich & Payne in the first quarter worth about $102,000. Janus Henderson Group PLC raised its position in shares of Helmerich & Payne by 18.9% in the first quarter. Janus Henderson Group PLC now owns 57,870 shares of the oil and gas company's stock worth $2,432,000 after acquiring an additional 9,190 shares during the period. Tidal Investments LLC raised its position in shares of Helmerich & Payne by 29.7% in the first quarter. Tidal Investments LLC now owns 34,958 shares of the oil and gas company's stock worth $1,470,000 after acquiring an additional 8,002 shares during the period. Mather Group LLC. raised its position in shares of Helmerich & Payne by 13.5% in the second quarter. Mather Group LLC. now owns 13,143 shares of the oil and gas company's stock worth $475,000 after acquiring an additional 1,568 shares during the period. Finally, CWM LLC raised its position in shares of Helmerich & Payne by 66.7% in the second quarter. CWM LLC now owns 4,972 shares of the oil and gas company's stock worth $180,000 after acquiring an additional 1,990 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HP. The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Thursday, August 29th. Citigroup dropped their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada decreased their price objective on shares of Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating on the stock in a report on Friday, November 15th. Finally, Barclays decreased 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 report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $38.57.

Helmerich & Payne Price Performance

HP traded up $0.56 during midday trading on Monday, reaching $35.19. 1,622,662 shares of the company's stock were exchanged, compared to its average volume of 1,382,953. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The stock has a market capitalization of $3.48 billion, a PE ratio of 10.07, a P/E/G ratio of 4.12 and a beta of 1.40. The business's 50-day moving average price is $34.16 and its 200 day moving average price is $34.83. 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, hitting analysts' consensus estimates of $0.76. The company had revenue of $693.79 million during the quarter, compared to analysts' expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.84%. Helmerich & Payne's dividend payout ratio (DPR) is presently 29.07%.

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.