Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,225 shares of the oil and gas company’s stock after selling 1,010 shares during the quarter. Capital Investment Counsel Inc owned about 0.08% of Helmerich & Payne worth $2,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HP. First Dallas Securities Inc. boosted its holdings in shares of Helmerich & Payne by 11.1% in the first quarter. First Dallas Securities Inc. now owns 9,059 shares of the oil and gas company’s stock valued at $381,000 after acquiring an additional 902 shares during the period. Hexagon Capital Partners LLC boosted its stake in Helmerich & Payne by 514.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 787 shares during the period. AlphaMark Advisors LLC grew its position in Helmerich & Payne by 32.6% during the 1st quarter. AlphaMark Advisors LLC now owns 8,407 shares of the oil and gas company’s stock worth $354,000 after purchasing an additional 2,068 shares during the last quarter. Saxon Interests Inc. purchased a new stake in shares of Helmerich & Payne in the first quarter valued at about $205,000. Finally, Norden Group LLC acquired a new stake in shares of Helmerich & Payne during the first quarter worth about $291,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on HP shares. Barclays reduced their price objective on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Royal Bank of Canada boosted their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. Piper Sandler lowered their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.29.

Helmerich & Payne Trading Down 2.4 %

Shares of Helmerich & Payne stock opened at $33.73 on Thursday. The company has a 50-day moving average of $32.81 and a two-hundred day moving average of $35.96. The stock has a market cap of $3.33 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 3.80 and a beta of 1.42. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.15. The firm had revenue of $697.70 million during the quarter, compared to analysts’ expectations of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. Helmerich & Payne’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, research analysts anticipate that Helmerich & Payne, Inc. will post 3.48 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.96%. Helmerich & Payne’s dividend payout ratio (DPR) is 28.57%.

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.