New York State Common Retirement Fund Cuts Holdings in Helmerich & Payne, Inc. (NYSE:HP)

New York State Common Retirement Fund trimmed its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 739,046 shares of the oil and gas company's stock after selling 45,337 shares during the period. New York State Common Retirement Fund owned 0.75% of Helmerich & Payne worth $22,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Helmerich & Payne by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company's stock worth $201,543,000 after buying an additional 176,179 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Helmerich & Payne by 9.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company's stock valued at $138,302,000 after purchasing an additional 327,802 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of Helmerich & Payne by 15.7% in 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 purchasing an additional 471,420 shares during the period. Boston Trust Walden Corp increased its stake in Helmerich & Payne by 1.3% in the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company's stock worth $80,320,000 after acquiring an additional 27,660 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 513,647 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HP has been the subject of a number of recent research reports. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Bank of America cut their price target 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. Piper Sandler decreased their price objective on Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, July 15th. Evercore ISI raised Helmerich & Payne to a "strong-buy" rating in a research note on Friday, July 26th. Finally, Citigroup reduced their price target on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, seven have issued 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, Helmerich & Payne currently has an average rating of "Hold" and an average target price of $40.29.

Helmerich & Payne Trading Up 2.9 %

Shares of NYSE:HP traded up $0.98 during trading on Tuesday, hitting $34.70. The company had a trading volume of 1,425,731 shares, compared to its average volume of 1,369,443. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.49 and a beta of 1.40. 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 company has a fifty day simple moving average of $32.83 and a two-hundred day simple moving average of $35.45. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year high of $44.11.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.88%. Helmerich & Payne's dividend payout ratio (DPR) 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.