Tidal Investments LLC Has $2.14 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Tidal Investments LLC increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 66.4% during the third quarter, Holdings Channel reports. The firm owned 70,402 shares of the oil and gas company’s stock after buying an additional 28,101 shares during the quarter. Tidal Investments LLC’s holdings in Helmerich & Payne were worth $2,142,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of HP. Covestor Ltd raised its stake in Helmerich & Payne by 76.9% in the third 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 period. Blue Trust Inc. lifted its holdings in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 854 shares during the last quarter. Headlands Technologies LLC boosted its position in Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 757 shares during the period. Quarry LP acquired a new position in shares of Helmerich & Payne in the third quarter valued at $48,000. Finally, Eastern Bank bought a new position in shares of Helmerich & Payne in the third quarter valued at about $61,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $32.97 on Tuesday. The business has a fifty day moving average price of $34.61 and a two-hundred day moving average price of $34.56. The stock has a market capitalization of $3.26 billion, a PE ratio of 9.58, a P/E/G ratio of 4.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11.

Helmerich & Payne (NYSE:HP) last posted 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. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Helmerich & Payne’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that Helmerich & Payne, Inc. will post 3.12 earnings per share 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. Stockholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

Analyst Upgrades and Downgrades

Several analysts recently commented on HP shares. Citigroup reduced their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada reduced their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday, November 15th. Finally, Barclays lowered their price objective on 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. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.57.

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.