Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 25.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 408,012 shares of the oil and gas company's stock after acquiring an additional 83,185 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.41% of Helmerich & Payne worth $12,412,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Helmerich & Payne by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company's stock valued at $201,543,000 after purchasing an additional 176,179 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Helmerich & Payne by 9.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company's stock valued at $138,302,000 after purchasing an additional 327,802 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Helmerich & Payne by 15.7% in the 2nd quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company's stock valued at $125,392,000 after purchasing an additional 471,420 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Helmerich & Payne by 1.3% in the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company's stock valued at $80,320,000 after purchasing an additional 27,660 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Helmerich & Payne by 38.1% in the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company's stock valued at $67,306,000 after purchasing an additional 513,647 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

Shares of NYSE HP traded down $0.23 during midday trading on Friday, hitting $34.63. The company's stock had a trading volume of 627,862 shares, compared to its average volume of 1,381,916. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11. The firm's fifty day moving average price is $34.16 and its 200-day moving average price is $34.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The firm has a market cap of $3.42 billion, a P/E ratio of 10.07, a P/E/G ratio of 4.15 and a beta of 1.40.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The business had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. During the same period in the previous year, the business posted $0.69 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne's dividend payout ratio (DPR) is presently 29.07%.

Analyst Ratings Changes

HP has been the topic of a number of research analyst reports. 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 report on Wednesday, November 20th. Royal Bank of Canada cut 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 research note on Friday, November 15th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Citigroup dropped their price target 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. Finally, The Goldman Sachs Group dropped 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 note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average 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.