Helmerich & Payne, Inc. (NYSE:HP) Position Boosted by CacheTech Inc.

CacheTech Inc. lifted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,662 shares of the oil and gas company’s stock after purchasing an additional 1,005 shares during the period. CacheTech Inc.’s holdings in Helmerich & Payne were worth $598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new stake in Helmerich & Payne during the first quarter worth approximately $33,000. Covestor Ltd lifted its position in shares of Helmerich & Payne by 253.4% during the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 674 shares during the last quarter. Whittier Trust Co. boosted its stake in shares of Helmerich & Payne by 94.9% during the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 595 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the last quarter. Finally, Eastern Bank acquired a new stake in shares of Helmerich & Payne during the third quarter worth $61,000. 96.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HP. Royal Bank of Canada increased their price target on Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. The Goldman Sachs Group decreased their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Piper Sandler cut their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Finally, Barclays lowered their price objective on shares of Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $40.29.

Helmerich & Payne Stock Down 2.0 %

Helmerich & Payne stock opened at $32.93 on Friday. 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 0.19, a quick ratio of 1.87 and a current ratio of 2.12. The firm has a market cap of $3.25 billion, a PE ratio of 9.54, a P/E/G ratio of 3.60 and a beta of 1.42. The firm’s 50 day moving average price is $32.83 and its two-hundred day moving average price is $35.58.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.99%.

Helmerich & Payne 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.