Global Alpha Capital Management Ltd. Has $26.79 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Global Alpha Capital Management Ltd. grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 18.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 880,781 shares of the oil and gas company's stock after buying an additional 138,590 shares during the period. Helmerich & Payne accounts for 1.7% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 26th biggest position. Global Alpha Capital Management Ltd. owned approximately 0.89% of Helmerich & Payne worth $26,793,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in 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 buying an additional 513,647 shares during the last quarter. Earnest Partners LLC grew its position in shares of Helmerich & Payne by 15.7% during the second quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company's stock worth $125,392,000 after buying an additional 471,420 shares in the last quarter. LSV Asset Management raised its holdings in Helmerich & Payne by 51.7% in the second quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company's stock valued at $42,982,000 after acquiring an additional 405,179 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Helmerich & Payne by 9.4% during the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company's stock worth $138,302,000 after purchasing an additional 327,802 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Helmerich & Payne by 120.6% during the second quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company's stock valued at $13,267,000 after purchasing an additional 200,700 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada cut their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating for the company in a report on Friday, November 15th. Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a research report on Friday, July 26th. The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a report on Thursday, August 29th. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a report on Monday, August 5th. Finally, Barclays reduced 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 report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.57.

Helmerich & Payne Trading Up 1.0 %

NYSE:HP traded up $0.33 during trading hours on Wednesday, hitting $33.73. The company had a trading volume of 1,033,796 shares, compared to its average volume of 1,383,050. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The company has a market cap of $3.33 billion, a P/E ratio of 9.71, a P/E/G ratio of 3.62 and a beta of 1.40. The company has a 50-day moving average of $33.60 and a 200 day moving average of $35.05. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million during the quarter, compared to analysts' expectations of $695.99 million. During the same quarter last year, the business earned $0.69 EPS. The business's revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Helmerich & Payne, Inc. will post 3.57 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.96%. Helmerich & Payne's payout ratio is 29.07%.

Helmerich & Payne 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.