William B. Walkup & Associates Inc. Takes Position in Helmerich & Payne, Inc. (NYSE:HP)

William B. Walkup & Associates Inc. bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 35,241 shares of the oil and gas company's stock, valued at approximately $1,274,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ridgewood Investments LLC raised its stake in Helmerich & Payne by 2.5% during the 1st quarter. Ridgewood Investments LLC now owns 12,852 shares of the oil and gas company's stock worth $541,000 after buying an additional 308 shares during the period. Arizona State Retirement System raised its position in shares of Helmerich & Payne by 1.3% during the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company's stock worth $1,000,000 after purchasing an additional 342 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Helmerich & Payne by 26.4% during the 1st quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company's stock valued at $71,000 after purchasing an additional 355 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Helmerich & Payne by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company's stock valued at $795,000 after purchasing an additional 513 shares during the period. Finally, GAMMA Investing LLC increased its stake in Helmerich & Payne by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 2,618 shares of the oil and gas company's stock worth $110,000 after purchasing an additional 592 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Up 1.4 %

Shares of NYSE HP traded up $0.41 during trading hours on Monday, hitting $30.41. The company had a trading volume of 2,269,452 shares, compared to its average volume of 1,366,592. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.80. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. The firm's 50 day moving average is $33.77 and its 200-day moving average is $36.88. The stock has a market capitalization of $3.00 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 EPS for the quarter, beating 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 company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. On average, analysts expect that Helmerich & Payne, Inc. will post 3.48 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne's dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target 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. Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. Piper Sandler cut their price target on Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, July 15th. Bank of America reduced their price objective on Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Finally, The Goldman Sachs Group dropped their target price on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $40.88.

About Helmerich & Payne

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.