Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,351,372 shares of the oil and gas company's stock after selling 48,020 shares during the period. Fisher Asset Management LLC owned about 1.37% of Helmerich & Payne worth $41,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Covestor Ltd increased its position in 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. raised its stake 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 buying an additional 854 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of 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 buying an additional 757 shares in the last quarter. Eastern Bank purchased a new position in Helmerich & Payne during the 3rd quarter valued at about $61,000. Finally, KBC Group NV raised its position in Helmerich & Payne by 20.3% during the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock worth $95,000 after acquiring an additional 529 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

Shares of NYSE:HP opened at $34.40 on Wednesday. The business has a 50-day moving average of $33.95 and a two-hundred day moving average of $34.95. The firm has a market capitalization of $3.40 billion, a PE ratio of 10.00, a P/E/G ratio of 4.19 and a beta of 1.40. 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 posted 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. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the prior year, the company earned $0.69 EPS. The company's revenue was up 5.2% on a year-over-year basis. As a group, research analysts forecast that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.91%. Helmerich & Payne's dividend payout ratio (DPR) is 29.07%.

Analyst Upgrades and Downgrades

HP has been the subject of a number of recent research reports. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. The Goldman Sachs Group dropped their price target on 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 Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Barclays decreased their price target 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. Finally, Royal Bank of Canada decreased their price target on Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating on the stock in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus target price 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.