Geode Capital Management LLC Has $68.37 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Geode Capital Management LLC grew its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,247,214 shares of the oil and gas company's stock after purchasing an additional 22,875 shares during the quarter. Geode Capital Management LLC owned 2.28% of Helmerich & Payne worth $68,373,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of HP. Barclays PLC boosted its stake in shares of Helmerich & Payne by 320.2% during the 3rd quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock worth $6,035,000 after acquiring an additional 151,196 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Helmerich & Payne by 9.3% during the third quarter. MML Investors Services LLC now owns 28,034 shares of the oil and gas company's stock valued at $853,000 after acquiring an additional 2,392 shares during the period. Dean Investment Associates LLC acquired a new position in Helmerich & Payne in the 3rd quarter worth approximately $3,047,000. XTX Topco Ltd acquired a new stake in Helmerich & Payne during the 3rd quarter valued at $892,000. Finally, State Street Corp lifted its stake in Helmerich & Payne by 0.8% in the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock worth $127,246,000 after acquiring an additional 34,395 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Helmerich & Payne Stock Performance

HP stock traded up $0.15 on Friday, reaching $30.45. 5,879,664 shares of the company were exchanged, compared to its average volume of 1,400,634. The firm has a market capitalization of $3.01 billion, a PE ratio of 8.85, a PEG ratio of 4.21 and a beta of 1.39. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11. The stock's fifty day moving average price is $34.27 and its 200 day moving average price is $34.43. 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 (NYSE:HP - Get Free Report) last released its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, hitting analysts' consensus estimates of $0.76. The business had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.69 earnings per share. On average, research analysts anticipate that Helmerich & Payne, Inc. will post 3.12 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed 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 3.28%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's payout ratio is 29.07%.

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.