Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 61.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,551 shares of the oil and gas company's stock after selling 121,429 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Helmerich & Payne worth $2,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HP. Arizona State Retirement System grew its holdings in Helmerich & Payne by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company's stock valued at $1,000,000 after buying an additional 342 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of 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 acquiring an additional 513 shares during the last quarter. KBC Group NV grew its stake 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 buying an additional 529 shares during the period. Covestor Ltd grew its position in Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after acquiring an additional 643 shares during the period. Finally, Headlands Technologies LLC increased its stake in Helmerich & Payne by 96.9% during the second 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. Hedge funds and other institutional investors own 96.05% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada cut their price objective 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. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays decreased 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. The Goldman Sachs Group decreased 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, Citigroup reduced their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a "neutral" rating on the stock in a report on Friday, September 13th. One equities 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's stock. Based on data from MarketBeat.com, Helmerich & Payne currently has a consensus rating of "Hold" and a consensus price target of $38.57.

Helmerich & Payne Trading Up 1.3 %

Helmerich & Payne stock traded up $0.46 during midday trading on Thursday, reaching $34.86. The stock had a trading volume of 1,072,227 shares, compared to its average volume of 1,385,193. The stock's 50-day simple moving average is $34.07 and its 200 day simple moving average is $34.92. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The stock has a market capitalization of $3.44 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 4.19 and a beta of 1.40.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting the consensus estimate of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. During the same period in the previous year, the company posted $0.69 EPS. The company's revenue was up 5.2% compared to the same quarter last year. Analysts expect that Helmerich & Payne, Inc. will post 3.21 EPS for the current year.

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 issued a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 2.87%. Helmerich & Payne's dividend payout ratio is currently 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.