Deprince Race & Zollo Inc. Has $32.09 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Deprince Race & Zollo Inc. decreased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 887,803 shares of the oil and gas company's stock after selling 23,640 shares during the quarter. Deprince Race & Zollo Inc. owned approximately 0.90% of Helmerich & Payne worth $32,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Earnest Partners LLC raised its stake in 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 acquiring an additional 471,420 shares during the period. AQR Capital Management LLC raised its stake in Helmerich & Payne by 209.0% during the second quarter. AQR Capital Management LLC now owns 166,447 shares of the oil and gas company's stock worth $6,015,000 after acquiring an additional 112,580 shares during the period. AXA S.A. raised its stake in Helmerich & Payne by 123.6% during the second quarter. AXA S.A. now owns 21,359 shares of the oil and gas company's stock worth $772,000 after acquiring an additional 11,805 shares during the period. Bank of Montreal Can increased its stake in shares of Helmerich & Payne by 10.6% in the second quarter. Bank of Montreal Can now owns 85,060 shares of the oil and gas company's stock valued at $3,076,000 after purchasing an additional 8,121 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of Helmerich & Payne by 7.2% in the second quarter. Public Sector Pension Investment Board now owns 217,242 shares of the oil and gas company's stock valued at $7,851,000 after purchasing an additional 14,675 shares during the period. Institutional investors and hedge funds own 96.05% of the company's stock.

Analysts Set New Price Targets

HP has been the topic of several analyst reports. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research note on Monday, August 5th. 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. 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. Bank of America dropped their price target on shares of Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. Finally, Piper Sandler dropped their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.88.

Helmerich & Payne Price Performance

Shares of NYSE HP traded down $1.52 during mid-day trading on Thursday, reaching $29.63. 2,368,834 shares of the company traded hands, compared to its average volume of 1,361,550. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $45.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The firm has a market cap of $2.93 billion, a PE ratio of 8.47, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The stock has a fifty day simple moving average of $33.93 and a 200-day simple moving average of $36.99.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.15. The firm had revenue of $697.70 million during the quarter, compared to analysts' expectations of $670.78 million. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. Equities research analysts anticipate that Helmerich & Payne, Inc. will post 3.48 EPS for the current fiscal year.

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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne's payout ratio is 28.57%.

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.