Integrated Investment Consultants LLC Decreases Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Integrated Investment Consultants LLC lowered its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,186 shares of the oil and gas company’s stock after selling 1,188 shares during the period. Integrated Investment Consultants LLC’s holdings in Helmerich & Payne were worth $294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HP. Wedge Capital Management L L P NC raised its position in shares of Helmerich & Payne by 3.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 185,384 shares of the oil and gas company’s stock valued at $5,936,000 after buying an additional 5,376 shares during the last quarter. Profit Investment Management LLC grew its holdings in Helmerich & Payne by 9.4% in the fourth quarter. Profit Investment Management LLC now owns 76,461 shares of the oil and gas company’s stock valued at $2,448,000 after purchasing an additional 6,546 shares during the period. SignalPoint Asset Management LLC purchased a new stake in Helmerich & Payne during the fourth quarter worth approximately $207,000. Steph & Co. purchased a new stake in Helmerich & Payne during the fourth quarter worth approximately $87,000. Finally, Park Avenue Securities LLC purchased a new stake in Helmerich & Payne during the fourth quarter worth approximately $209,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a report on Friday, November 15th. Evercore ISI restated an “in-line” rating and issued a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays cut their price objective on shares of 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. Finally, Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their target price for the company from $33.00 to $40.00 in a research note on Friday, January 10th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.50.

Helmerich & Payne Stock Down 0.9 %

Shares of NYSE HP opened at $36.38 on Friday. The firm’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $34.20. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 4.22 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $693.79 million for the quarter, compared to the consensus estimate of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. On average, research analysts expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.75%. Helmerich & Payne’s dividend payout ratio is currently 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.