State Street Corp Purchases 34,395 Shares of Helmerich & Payne, Inc. (NYSE:HP)

State Street Corp increased its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,182,972 shares of the oil and gas company's stock after buying an additional 34,395 shares during the period. State Street Corp owned about 4.24% of Helmerich & Payne worth $127,246,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after buying an additional 643 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Helmerich & Payne by 127.8% in the third 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 in the last quarter. Quarry LP bought a new stake in shares of Helmerich & Payne during the 3rd quarter worth $48,000. Headlands Technologies LLC grew its holdings in shares of 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 worth $56,000 after acquiring an additional 757 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Helmerich & Payne during the third quarter valued at $61,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Price Performance

NYSE HP traded down $0.24 during trading on Friday, reaching $33.59. 936,845 shares of the company traded hands, compared to its average volume of 1,376,366. The stock's 50 day moving average price is $34.65 and its two-hundred day moving average price is $34.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 4.21 and a beta of 1.39.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting the consensus estimate of $0.76. The business had revenue of $693.79 million for 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%. Helmerich & Payne's revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. As a group, analysts anticipate that Helmerich & Payne, Inc. will post 3.12 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.98%. Helmerich & Payne's payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HP shares. Barclays lowered their price target on Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. The Goldman Sachs Group dropped their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Thursday, August 29th. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Citigroup reduced their price objective 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. Finally, Royal Bank of Canada dropped their target price 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and a consensus price target of $38.57.

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.