Dean Investment Associates LLC Invests $3.05 Million in Helmerich & Payne, Inc. (NYSE:HP)

Dean Investment Associates LLC bought a new stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 100,170 shares of the oil and gas company's stock, valued at approximately $3,047,000. Dean Investment Associates LLC owned 0.10% of Helmerich & Payne at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in shares of Helmerich & Payne by 1.3% during the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company's stock valued at $1,000,000 after acquiring an additional 342 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company's stock worth $795,000 after acquiring an additional 513 shares during the last quarter. KBC Group NV grew its stake in Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock valued at $95,000 after acquiring an additional 529 shares in the last quarter. Covestor Ltd raised its holdings in Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 643 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock worth $56,000 after purchasing an additional 757 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Up 2.5 %

Helmerich & Payne stock traded up $0.82 during mid-day trading on Monday, hitting $34.06. The company had a trading volume of 919,859 shares, compared to its average volume of 1,380,414. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11. The business has a fifty day moving average of $34.57 and a 200 day moving average of $34.68. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 4.07 and a beta of 1.39.

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. The firm had revenue of $693.79 million during the quarter, compared to analysts' expectations of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business's revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.94%. Helmerich & Payne's payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HP. 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. The Goldman Sachs Group reduced their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Thursday, August 29th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Royal Bank of Canada reduced their target price on 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 lowered their price target on 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 given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.57.

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.