Orion Portfolio Solutions LLC Has $454,000 Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Orion Portfolio Solutions LLC cut its position in Helmerich & Payne, Inc. (NYSE:HP) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,932 shares of the oil and gas company’s stock after selling 1,282 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Helmerich & Payne were worth $454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Covestor Ltd grew its stake in Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 643 shares during the last quarter. Blue Trust Inc. grew its stake in 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 valued at $46,000 after buying an additional 854 shares during the last quarter. Headlands Technologies LLC grew its stake in 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 valued at $56,000 after buying an additional 757 shares during the last quarter. Quarry LP acquired a new position in Helmerich & Payne in the 3rd quarter valued at $48,000. Finally, Eastern Bank acquired a new position in Helmerich & Payne in the 3rd quarter valued at $61,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HP has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their target price 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. Royal Bank of Canada decreased their price target on shares of 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. Barclays decreased their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Finally, Citigroup decreased their price target on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Helmerich & Payne has an average rating of “Hold” and an average target price of $38.57.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock opened at $32.64 on Wednesday. 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 firm’s 50-day simple moving average is $34.57 and its 200-day simple moving average is $34.53. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.11. The firm has a market cap of $3.22 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 4.21 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 EPS for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, research analysts expect that Helmerich & Payne, Inc. will post 3.12 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.06%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 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.