Kornitzer Capital Management Inc. KS Boosts Stake in Helmerich & Payne, Inc. (NYSE:HP)

Kornitzer Capital Management Inc. KS increased its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 371,510 shares of the oil and gas company's stock after purchasing an additional 32,935 shares during the quarter. Kornitzer Capital Management Inc. KS owned approximately 0.38% of Helmerich & Payne worth $11,301,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Radnor Capital Management LLC bought a new stake in shares of Helmerich & Payne in the third quarter worth $1,325,000. Moloney Securities Asset Management LLC bought a new stake in Helmerich & Payne during the third quarter valued at $268,000. Lmcg Investments LLC boosted its position in Helmerich & Payne by 0.8% during the third quarter. Lmcg Investments LLC now owns 120,599 shares of the oil and gas company's stock valued at $3,669,000 after acquiring an additional 924 shares during the last quarter. CacheTech Inc. boosted its position in Helmerich & Payne by 5.4% during the third quarter. CacheTech Inc. now owns 19,662 shares of the oil and gas company's stock valued at $598,000 after acquiring an additional 1,005 shares during the last quarter. Finally, US Bancorp DE boosted its position in Helmerich & Payne by 2.3% during the third quarter. US Bancorp DE now owns 49,240 shares of the oil and gas company's stock valued at $1,498,000 after acquiring an additional 1,099 shares during the last quarter. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Down 0.0 %

Shares of HP traded down $0.01 on Friday, reaching $36.12. The company's stock had a trading volume of 1,371,620 shares, compared to its average volume of 1,372,383. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The stock has a market capitalization of $3.57 billion, a PE ratio of 10.47, a PEG ratio of 3.58 and a beta of 1.40. The firm has a fifty day moving average of $33.00 and a 200-day moving average of $35.41.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.77%. Helmerich & Payne's dividend payout ratio is presently 28.99%.

Analysts Set New Price Targets

A number of analysts have commented on HP shares. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Evercore ISI upgraded shares of Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. Citigroup dropped their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a report on Friday, September 13th. Royal Bank of Canada upped their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and a consensus target price of $40.29.

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.