CWM LLC reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 19.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,463 shares of the oil and gas company’s stock after selling 2,076 shares during the period. CWM LLC’s holdings in Helmerich & Payne were worth $547,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in HP. Sandy Spring Bank boosted its holdings in Helmerich & Payne by 36.7% in the 3rd quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock worth $184,000 after buying an additional 950 shares during the last quarter. Sapphire Star Partners LP acquired a new stake in Helmerich & Payne in the 3rd quarter worth about $202,000. Private Advisor Group LLC acquired a new stake in Helmerich & Payne in the 3rd quarter worth about $206,000. Meridian Wealth Management LLC acquired a new stake in Helmerich & Payne in the 3rd quarter worth about $217,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Helmerich & Payne in the 3rd quarter worth about $222,000.
Several equities research analysts recently issued reports on HP shares. Royal Bank of Canada set a $57.00 price objective on Helmerich & Payne and gave the stock a “sector perform” rating in a report on Friday, November 17th. Tudor Pickering raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Citigroup raised shares of Helmerich & Payne from a “sell” rating to a “neutral” rating in a research note on Thursday, January 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $48.00 target price on shares of Helmerich & Payne in a research note on Friday, November 24th. Finally, Zacks Investment Research lowered shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $57.68.
Shares of Helmerich & Payne, Inc. (HP) traded down $0.54 during midday trading on Friday, reaching $63.62. The company’s stock had a trading volume of 3,045,233 shares, compared to its average volume of 1,986,267. The stock has a market capitalization of $6,926.12, a price-to-earnings ratio of 17.29 and a beta of 1.27. The company has a current ratio of 3.28, a quick ratio of 3.19 and a debt-to-equity ratio of 0.11. Helmerich & Payne, Inc. has a 52 week low of $42.16 and a 52 week high of $75.02.
Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The company had revenue of $564.10 million for the quarter, compared to analyst estimates of $547.64 million. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The firm’s quarterly revenue was up 53.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.33) earnings per share. analysts predict that Helmerich & Payne, Inc. will post -0.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, February 9th. Helmerich & Payne’s payout ratio is 76.09%.
In other Helmerich & Payne news, Director Chapman Paula Marshall sold 2,555 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $57.80, for a total value of $147,679.00. Following the completion of the transaction, the director now owns 12,525 shares in the company, valued at $723,945. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.10% of the stock is owned by insiders.
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Helmerich & Payne 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.
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