Teachers Retirement System of The State of Kentucky Trims Position in Helmerich & Payne, Inc. (NYSE:HP)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 51.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,301 shares of the oil and gas company's stock after selling 36,641 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Helmerich & Payne were worth $1,043,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its position in shares of Helmerich & Payne by 1.3% during the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company's stock worth $1,000,000 after buying an additional 342 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Helmerich & Payne by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company's stock valued at $795,000 after purchasing an additional 513 shares during the period. KBC Group NV raised its holdings in shares of Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock valued at $95,000 after purchasing an additional 529 shares in the last quarter. Covestor Ltd lifted its position in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 643 shares during the period. Finally, Headlands Technologies LLC lifted its position 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 purchasing an additional 757 shares during the period. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Down 1.0 %

NYSE HP traded down $0.31 during trading on Thursday, hitting $30.30. The company's stock had a trading volume of 1,747,351 shares, compared to its average volume of 1,382,352. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The company has a market cap of $2.99 billion, a PE ratio of 8.81, a P/E/G ratio of 4.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The business's 50 day simple moving average is $34.49 and its 200-day simple moving average is $34.50.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, hitting analysts' consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million during the quarter, compared to analysts' expectations of $695.99 million. During the same period last year, the business earned $0.69 EPS. Helmerich & Payne's revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.12 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's dividend payout ratio (DPR) is presently 29.07%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HP. Barclays cut their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada reduced their price target on Helmerich & Payne from $44.00 to $41.00 and set a "sector perform" rating for the company in a research report on Friday, November 15th. Citigroup decreased their price objective on Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating for the company in a research note on Friday, September 13th. The Goldman Sachs Group cut their target price on Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Thursday, August 29th. Finally, Benchmark reissued a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Helmerich & Payne has a consensus rating of "Hold" and a consensus target price of $38.57.

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.