Pacer Advisors Inc. Sells 1,141,196 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Pacer Advisors Inc. lessened its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 29.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,685,655 shares of the oil and gas company's stock after selling 1,141,196 shares during the period. Pacer Advisors Inc. owned approximately 2.72% of Helmerich & Payne worth $81,698,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd raised 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 acquiring an additional 674 shares during the period. Blue Trust Inc. boosted its holdings in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after buying an additional 854 shares during the period. Headlands Technologies LLC grew its stake in Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock valued at $56,000 after buying an additional 757 shares in the last quarter. Eastern Bank bought a new stake in Helmerich & Payne during the 3rd quarter valued at $61,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Helmerich & Payne during the first quarter worth $102,000. 96.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HP shares. Citigroup reduced their price target on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Royal Bank of Canada decreased their price target on Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating on the stock in a research report on Friday, November 15th. Barclays cut their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday. The Goldman Sachs Group decreased their target price 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. Finally, Evercore ISI raised shares of Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $38.57.

Helmerich & Payne Price Performance

Shares of NYSE:HP traded up $1.62 during trading on Friday, reaching $36.05. The company had a trading volume of 2,230,517 shares, compared to its average volume of 1,386,411. The company has a fifty day moving average of $33.86 and a two-hundred day moving average of $35.02. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.56 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 3.97 and a beta of 1.40. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.76. The company had revenue of $693.79 million during the quarter, compared to analysts' expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The firm's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities research analysts forecast that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current year.

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 paid a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.77%. Helmerich & Payne's dividend payout ratio (DPR) is presently 29.07%.

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.