Profit Investment Management LLC Has $2.13 Million Position in Helmerich & Payne, Inc. (NYSE:HP)

Profit Investment Management LLC lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 29.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,915 shares of the oil and gas company's stock after selling 29,634 shares during the quarter. Helmerich & Payne accounts for about 1.7% of Profit Investment Management LLC's holdings, making the stock its 21st largest position. Profit Investment Management LLC owned approximately 0.07% of Helmerich & Payne worth $2,127,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HP. Headlands Technologies LLC acquired a new position in Helmerich & Payne in the 1st quarter valued at approximately $33,000. Hexagon Capital Partners LLC increased its stake in Helmerich & Payne by 514.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company's stock valued at $40,000 after buying an additional 787 shares during the period. Covestor Ltd increased its stake in Helmerich & Payne by 253.4% in the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company's stock valued at $40,000 after buying an additional 674 shares during the period. Whittier Trust Co. increased its stake in Helmerich & Payne by 94.9% in the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company's stock valued at $51,000 after buying an additional 595 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in Helmerich & Payne in the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on HP shares. Bank of America decreased their target price on shares of Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating for the company in a research report on Monday, July 15th. The Goldman Sachs Group decreased their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Thursday, August 29th. Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Royal Bank of Canada boosted their target price on shares of Helmerich & Payne from $48.00 to $50.00 and gave the stock a "sector perform" rating in a research report on Friday, July 26th. Finally, Evercore ISI raised shares of Helmerich & Payne to a "strong-buy" rating in a research report on Friday, July 26th. Two 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.88.

Helmerich & Payne Stock Performance

Shares of HP stock traded up $1.32 during trading hours on Friday, reaching $36.45. 1,975,403 shares of the company's stock were exchanged, compared to its average volume of 1,386,637. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week 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 stock has a market capitalization of $3.60 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.80 and a beta of 1.42. The business has a fifty day moving average price of $32.76 and a 200-day moving average price of $36.44.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15. The business had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. Helmerich & Payne's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.09 earnings per share. Analysts predict that Helmerich & Payne, Inc. will post 3.48 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed 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 is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.74%. Helmerich & Payne's payout ratio is 28.99%.

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.