112,107 Shares in Helmerich & Payne, Inc. (NYSE:HP) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 112,107 shares of the oil and gas company's stock, valued at approximately $3,410,000. Edgestream Partners L.P. owned about 0.11% of Helmerich & Payne at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Verition Fund Management LLC raised its stake in shares of Helmerich & Payne by 110.3% in the 3rd quarter. Verition Fund Management LLC now owns 22,341 shares of the oil and gas company's stock valued at $680,000 after acquiring an additional 11,719 shares during the period. Glenmede Trust Co. NA increased its holdings in Helmerich & Payne by 25.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 408,012 shares of the oil and gas company's stock valued at $12,412,000 after purchasing an additional 83,185 shares during the last quarter. Bridgewater Associates LP purchased a new stake in Helmerich & Payne in the third quarter valued at approximately $2,771,000. BNP Paribas Financial Markets lifted its stake in Helmerich & Payne by 116.4% during the third quarter. BNP Paribas Financial Markets now owns 242,515 shares of the oil and gas company's stock worth $7,377,000 after purchasing an additional 130,455 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Helmerich & Payne by 510.7% during the third quarter. FMR LLC now owns 140,655 shares of the oil and gas company's stock worth $4,279,000 after buying an additional 117,624 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Up 1.6 %

Shares of Helmerich & Payne stock traded up $0.56 during trading on Monday, hitting $35.19. 1,622,662 shares of the stock were exchanged, compared to its average volume of 1,382,953. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 4.12 and a beta of 1.40. The firm's 50-day moving average price is $34.16 and its 200 day moving average price is $34.83. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly 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. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same period in the previous year, the business earned $0.69 EPS. Helmerich & Payne's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

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

Wall Street Analysts Forecast Growth

HP has been the topic of several research reports. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. 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. 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 report on Friday, September 13th. Royal Bank of Canada reduced their target price 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 dropped their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.57.

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.