Helmerich & Payne, Inc. (NYSE:HP) Stock Position Lessened by Hara Capital LLC

Hara Capital LLC reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 54.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,869 shares of the oil and gas company’s stock after selling 11,830 shares during the quarter. Hara Capital LLC’s holdings in Helmerich & Payne were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HP. Dimensional Fund Advisors LP increased its position in shares of Helmerich & Payne by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock valued at $201,543,000 after purchasing an additional 176,179 shares during the period. Pacer Advisors Inc. grew its holdings in Helmerich & Payne by 9.4% during the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after acquiring an additional 327,802 shares during the period. Earnest Partners LLC raised its position in Helmerich & Payne by 15.7% in the second quarter. Earnest Partners LLC now owns 3,469,609 shares of the oil and gas company’s stock worth $125,392,000 after acquiring an additional 471,420 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Helmerich & Payne by 1.3% in the 2nd quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company’s stock valued at $80,320,000 after acquiring an additional 27,660 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Helmerich & Payne by 38.1% during the 2nd quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock valued at $67,306,000 after purchasing an additional 513,647 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Down 2.1 %

NYSE HP traded down $0.76 during trading on Thursday, reaching $35.99. 184,908 shares of the company’s stock were exchanged, compared to its average volume of 1,367,141. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The company’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $35.40. The firm has a market capitalization of $3.55 billion, a PE ratio of 10.65, a P/E/G ratio of 3.58 and a beta of 1.40.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is presently 28.99%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a report on Friday, July 26th. Royal Bank of Canada raised their price objective on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Piper Sandler decreased their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. The Goldman Sachs Group reduced their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Finally, Bank of America dropped their price target on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.29.

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.