Radnor Capital Management LLC acquired a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 43,544 shares of the oil and gas company's stock, valued at approximately $1,325,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its position in shares of Helmerich & Payne by 38.1% during the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company's stock worth $67,306,000 after buying an additional 513,647 shares in the last quarter. Earnest Partners LLC grew its holdings in Helmerich & Payne by 15.7% during the 2nd 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 in the last quarter. LSV Asset Management increased its position in Helmerich & Payne by 51.7% during the 2nd quarter. LSV Asset Management now owns 1,189,318 shares of the oil and gas company's stock valued at $42,982,000 after purchasing an additional 405,179 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Helmerich & Payne by 9.4% in 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. Finally, Canada Pension Plan Investment Board lifted its position in shares of Helmerich & Payne by 120.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 367,100 shares of the oil and gas company's stock worth $13,267,000 after purchasing an additional 200,700 shares during the period. 96.05% of the stock is owned by institutional investors.
Helmerich & Payne Stock Performance
NYSE:HP traded down $0.64 during mid-day trading on Thursday, hitting $36.11. The company's stock had a trading volume of 1,289,864 shares, compared to its average volume of 1,372,386. The business's fifty day moving average is $32.94 and its two-hundred day moving average is $35.40. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 3.58 and a beta of 1.40. Helmerich & Payne, Inc. has a 1 year low of $29.46 and a 1 year high of $44.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87.
Helmerich & Payne Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne's dividend payout ratio is currently 28.99%.
Analyst Ratings Changes
HP has been the topic of several recent research reports. 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. Piper Sandler cut their target price on Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, July 15th. Barclays decreased their price target on shares of Helmerich & Payne from $42.00 to $39.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 16th. Evercore ISI raised shares of Helmerich & Payne to a "strong-buy" rating in a research report on Friday, July 26th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $40.29.
View Our Latest Stock Analysis on Helmerich & Payne
About Helmerich & Payne
(
Free Report)
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.
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