Segall Bryant & Hamill LLC Has $17.60 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Segall Bryant & Hamill LLC reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,571 shares of the oil and gas company's stock after selling 33,928 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.59% of Helmerich & Payne worth $17,600,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HP. Covestor Ltd raised its stake in shares of Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 674 shares in the last quarter. Blue Trust Inc. increased its stake in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock valued at $46,000 after buying an additional 854 shares during the period. Headlands Technologies LLC raised its position in shares of Helmerich & Payne by 96.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company's stock worth $56,000 after buying an additional 757 shares in the last quarter. Eastern Bank acquired a new stake in shares of Helmerich & Payne in the 3rd quarter worth approximately $61,000. Finally, KBC Group NV boosted its holdings in shares of Helmerich & Payne by 20.3% in the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock valued at $95,000 after acquiring an additional 529 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Thursday, August 29th. Evercore ISI upgraded Helmerich & Payne to a "strong-buy" rating in a report on Friday, July 26th. Royal Bank of Canada lowered their target price on Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating on the stock in a report on Friday, November 15th. Citigroup reduced their price objective on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research report on Friday, September 13th. Finally, Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned 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 $38.57.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock opened at $33.73 on Thursday. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.11. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.33 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 3.97 and a beta of 1.40. The business has a fifty day simple moving average of $33.65 and a 200-day simple moving average of $35.04.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting the consensus estimate of $0.76. The business 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 quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $0.69 earnings per share. On average, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued 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 2.96%. Helmerich & Payne's dividend payout ratio is 29.07%.

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.