Helmerich & Payne, Inc. (NYSE:HP) Position Trimmed by Kidder Stephen W

Kidder Stephen W lessened its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 24.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,755 shares of the oil and gas company’s stock after selling 2,200 shares during the quarter. Kidder Stephen W’s holdings in Helmerich & Payne were worth $353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ffcm LLC boosted its stake in shares of Helmerich & Payne by 409.2% during the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 2,308 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Helmerich & Payne by 3.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock worth $181,000 after acquiring an additional 101 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Helmerich & Payne during the 1st quarter worth about $209,000. Murphy Capital Management Inc. boosted its stake in shares of Helmerich & Payne by 2.6% during the 2nd quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 100 shares in the last quarter. Finally, Access Financial Services Inc. bought a new stake in shares of Helmerich & Payne during the 2nd quarter worth about $223,000.

Helmerich & Payne, Inc. (HP) opened at $56.38 on Wednesday. Helmerich & Payne, Inc. has a twelve month low of $42.16 and a twelve month high of $85.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.33 and a current ratio of 3.74.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.97%. Helmerich & Payne’s payout ratio is presently -167.66%.

Several analysts recently weighed in on HP shares. Sanford C. Bernstein restated an “outperform” rating and set a $66.00 target price on shares of Helmerich & Payne in a research note on Wednesday, September 6th. Iberia Capital downgraded Helmerich & Payne from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $74.00 to $55.00 in a research note on Monday, July 31st. J P Morgan Chase & Co decreased their target price on Helmerich & Payne from $44.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, September 12th. Jefferies Group LLC set a $50.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $53.00 target price (down previously from $65.00) on shares of Helmerich & Payne in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $54.27.

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In related news, CEO John W. Lindsay bought 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was acquired at an average cost of $47.73 per share, with a total value of $238,650.00. Following the acquisition, the chief executive officer now owns 147,727 shares in the company, valued at approximately $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.23% of the company’s stock.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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