Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Radnor Capital Management LLC

Radnor Capital Management LLC lowered its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,044 shares of the oil and gas company’s stock after selling 500 shares during the period. Radnor Capital Management LLC’s holdings in Helmerich & Payne were worth $1,378,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HP. Covestor Ltd boosted its position in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 643 shares during the last quarter. Blue Trust Inc. increased its position in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares during the last quarter. Quarry LP purchased a new position in Helmerich & Payne during the third quarter worth about $48,000. Headlands Technologies LLC boosted its holdings 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 purchasing an additional 757 shares during the last quarter. Finally, Eastern Bank purchased a new stake in shares of Helmerich & Payne in the 3rd quarter valued at approximately $61,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada reduced 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 reduced their target price 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. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price target for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.50.

Helmerich & Payne Stock Performance

NYSE HP opened at $35.52 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The company has a market cap of $3.51 billion, a P/E ratio of 10.33, a P/E/G ratio of 4.10 and a beta of 1.39. The stock has a 50-day moving average of $33.67 and a two-hundred day moving average of $34.18. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11.

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

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.82%. Helmerich & Payne’s dividend payout ratio (DPR) is 29.07%.

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.