Bokf Na increased its stake in Helmerich & Payne, Inc. (NYSE:HP – Get Rating) by 47.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,106 shares of the oil and gas company’s stock after purchasing an additional 5,216 shares during the period. Bokf Na’s holdings in Helmerich & Payne were worth $798,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in HP. CENTRAL TRUST Co acquired a new stake in Helmerich & Payne in the fourth quarter worth about $44,000. Castleview Partners LLC bought a new position in shares of Helmerich & Payne in the fourth quarter valued at approximately $69,000. Macquarie Group Ltd. increased its stake in shares of Helmerich & Payne by 35.3% during the second quarter. Macquarie Group Ltd. now owns 1,936 shares of the oil and gas company’s stock valued at $83,000 after acquiring an additional 505 shares during the period. Brown Brothers Harriman & Co. raised its stake in shares of Helmerich & Payne by 468.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,427 shares of the oil and gas company’s stock worth $120,000 after buying an additional 2,000 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Helmerich & Payne by 58.0% in the third quarter. Quadrant Capital Group LLC now owns 3,485 shares of the oil and gas company’s stock valued at $129,000 after buying an additional 1,279 shares during the period. 92.42% of the stock is currently owned by institutional investors.
Helmerich & Payne Trading Down 0.7 %
Helmerich & Payne stock opened at $34.80 on Friday. Helmerich & Payne, Inc. has a one year low of $30.41 and a one year high of $54.45. The company’s fifty day moving average price is $34.07 and its two-hundred day moving average price is $41.11. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.43 and a quick ratio of 2.19. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 11.45 and a beta of 1.66.
Helmerich & Payne Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date is Wednesday, August 16th. Helmerich & Payne’s dividend payout ratio is 32.89%.
Analysts Set New Price Targets
A number of brokerages have weighed in on HP. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $44.00 to $38.00 and set a “sell” rating for the company in a report on Monday, March 27th. Susquehanna cut their price objective on Helmerich & Payne from $45.00 to $40.00 in a research report on Friday, June 2nd. VNET Group reaffirmed a “maintains” rating on shares of Helmerich & Payne in a research report on Friday, May 19th. Barclays reduced their price objective on Helmerich & Payne from $52.00 to $44.00 in a research note on Thursday. Finally, Piper Sandler reduced their price target on shares of Helmerich & Payne from $65.00 to $50.00 in a research report on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $52.10.
Helmerich & Payne Company 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.
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