Philip James Wealth Mangement LLC Invests $251,000 in Helmerich & Payne, Inc. (NYSE:HP)

Philip James Wealth Mangement LLC bought a new stake in Helmerich & Payne, Inc. (NYSE:HP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,253 shares of the oil and gas company’s stock, valued at approximately $251,000.

Other hedge funds have also added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its stake in shares of Helmerich & Payne by 9.7% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 371,510 shares of the oil and gas company’s stock worth $11,301,000 after purchasing an additional 32,935 shares in the last quarter. Radnor Capital Management LLC acquired a new position in Helmerich & Payne during the third quarter worth $1,325,000. Moloney Securities Asset Management LLC bought a new stake in Helmerich & Payne during the third quarter worth $268,000. Lmcg Investments LLC lifted its stake in Helmerich & Payne by 0.8% in the third quarter. Lmcg Investments LLC now owns 120,599 shares of the oil and gas company’s stock valued at $3,669,000 after acquiring an additional 924 shares during the last quarter. Finally, CacheTech Inc. lifted its stake in Helmerich & Payne by 5.4% in the third quarter. CacheTech Inc. now owns 19,662 shares of the oil and gas company’s stock valued at $598,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HP. Royal Bank of Canada upped their target price on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Friday, July 26th. Piper Sandler dropped their price objective on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Barclays cut their price objective on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. Citigroup decreased their target price on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Finally, Bank of America reduced their price objective on shares of Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.29.

Helmerich & Payne Stock Performance

Shares of NYSE HP opened at $36.12 on Friday. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year high of $44.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 3.90 and a beta of 1.40. The stock’s fifty day moving average price is $33.07 and its two-hundred day moving average price is $35.37.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 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.