Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 578,571 shares of the oil and gas company’s stock after selling 33,928 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Helmerich & Payne were worth $17,600,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in HP. Covestor Ltd boosted its position in shares of Helmerich & Payne by 253.4% in the first 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 period. Blue Trust Inc. raised its stake in Helmerich & Payne by 127.8% in the third 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 period. Headlands Technologies LLC boosted its position in shares of Helmerich & Payne by 96.9% in the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock valued at $56,000 after acquiring an additional 757 shares during the period. Eastern Bank acquired a new stake in shares of Helmerich & Payne during the 3rd quarter worth approximately $61,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Helmerich & Payne during the 1st quarter worth $102,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Trading Up 1.0 %

NYSE:HP opened at $33.73 on Thursday. The firm has a market cap of $3.33 billion, a P/E ratio of 9.81, a P/E/G ratio of 3.62 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. Helmerich & Payne, Inc. has a 52 week low of $29.46 and a 52 week high of $44.11. The firm’s fifty day moving average is $33.65 and its 200-day moving average is $35.04.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same period in the prior year, the firm earned $0.69 earnings per share. Helmerich & Payne’s revenue was up 5.2% on a year-over-year basis. Equities analysts expect that Helmerich & Payne, Inc. will post 3.57 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s payout ratio is 29.07%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Barclays cut their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday. Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. Royal Bank of Canada cut their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Finally, Citigroup decreased their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.57.

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.