US Bancorp DE Sells 815 Shares of Helmerich & Payne, Inc. (NYSE:HP)

US Bancorp DE cut its holdings in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 7.6% in the 3rd quarter, Holdings Channel reports. The firm owned 9,933 shares of the oil and gas company’s stock after selling 815 shares during the period. US Bancorp DE’s holdings in Helmerich & Payne were worth $367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HP. Private Trust Co. NA lifted its stake in Helmerich & Payne by 164.1% during the third quarter. Private Trust Co. NA now owns 663 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 412 shares during the last quarter. Quent Capital LLC lifted its stake in Helmerich & Payne by 248.0% during the second quarter. Quent Capital LLC now owns 682 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 486 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Helmerich & Payne by 60.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,034 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 390 shares during the last quarter. Chilton Capital Management LLC bought a new stake in Helmerich & Payne during the second quarter worth $47,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of Helmerich & Payne by 91.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 1,351 shares of the oil and gas company’s stock worth $50,000 after buying an additional 647 shares in the last quarter. 92.42% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Performance

NYSE HP opened at $47.14 on Tuesday. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 942.99, a PEG ratio of 0.20 and a beta of 1.70. Helmerich & Payne, Inc. has a twelve month low of $25.56 and a twelve month high of $54.59. The stock has a fifty day simple moving average of $48.84 and a 200 day simple moving average of $45.36. The company has a quick ratio of 2.32, a current ratio of 2.54 and a debt-to-equity ratio of 0.20.

Helmerich & Payne (NYSE:HPGet Rating) last issued its quarterly earnings results on Wednesday, November 16th. The oil and gas company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Helmerich & Payne had a return on equity of 0.45% and a net margin of 0.34%. The firm had revenue of $631.33 million during the quarter, compared to the consensus estimate of $597.29 million. During the same period last year, the business posted ($0.62) EPS. The business’s revenue was up 83.6% compared to the same quarter last year. Sell-side analysts expect that Helmerich & Payne, Inc. will post 4.48 EPS for the current year.

Helmerich & Payne Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 14th will be issued a dividend of $0.485 per share. This is an increase from Helmerich & Payne’s previous quarterly dividend of $0.25. This represents a $1.94 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Monday, February 13th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 2,000.40%.

Insiders Place Their Bets

In other Helmerich & Payne news, SVP John R. Bell sold 4,314 shares of the stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $50.00, for a total transaction of $215,700.00. Following the completion of the sale, the senior vice president now directly owns 117,395 shares in the company, valued at approximately $5,869,750. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI upped their price target on shares of Helmerich & Payne to $67.00 in a report on Monday, November 21st. ATB Capital upped their price target on shares of Helmerich & Payne to $71.00 in a report on Monday, November 21st. Benchmark assumed coverage on shares of Helmerich & Payne in a report on Thursday, January 19th. They set a “hold” rating for the company. Royal Bank of Canada upped their price target on shares of Helmerich & Payne from $63.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, November 18th. Finally, Barclays upped their price target on shares of Helmerich & Payne to $65.00 in a report on Monday, November 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $60.55.

Helmerich & Payne Profile

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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.

See Also

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

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