Russell Investments Group Ltd. Raises Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Russell Investments Group Ltd. grew its position in shares of Helmerich & Payne, Inc. (NYSE:HP – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,565 shares of the oil and gas company’s stock after purchasing an additional 324 shares during the period. Russell Investments Group Ltd.’s holdings in Helmerich & Payne were worth $2,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Arizona State Retirement System grew its position in shares of Helmerich & Payne by 3.8% during the fourth quarter. Arizona State Retirement System now owns 29,710 shares of the oil and gas company’s stock valued at $1,473,000 after purchasing an additional 1,098 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Helmerich & Payne by 38.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 48,854 shares of the oil and gas company’s stock valued at $2,422,000 after acquiring an additional 13,682 shares during the last quarter. TD Asset Management Inc bought a new position in shares of Helmerich & Payne in the 4th quarter valued at about $540,000. DMG Group LLC bought a new position in shares of Helmerich & Payne in the 4th quarter valued at about $235,000. Finally, Brinker Capital Investments LLC lifted its holdings in shares of Helmerich & Payne by 59.7% in the 4th quarter. Brinker Capital Investments LLC now owns 19,848 shares of the oil and gas company’s stock valued at $984,000 after acquiring an additional 7,421 shares during the last quarter. Hedge funds and other institutional investors own 92.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HP shares. StockNews.com downgraded shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, May 15th. The Goldman Sachs Group lowered their price target on shares of Helmerich & Payne from $44.00 to $38.00 and set a “sell” rating for the company in a report on Monday, March 27th. VNET Group reissued a “maintains” rating on shares of Helmerich & Payne in a research note on Friday. Citigroup decreased their price objective on shares of Helmerich & Payne from $42.00 to $33.00 in a research note on Friday. Finally, TheStreet raised shares of Helmerich & Payne from a “c+” rating to a “b” rating in a research note on Monday, January 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.40.

Helmerich & Payne Stock Performance

Helmerich & Payne stock opened at $32.50 on Monday. The company has a 50 day moving average price of $34.79 and a 200-day moving average price of $42.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.19 and a current ratio of 2.43. Helmerich & Payne, Inc. has a fifty-two week low of $30.41 and a fifty-two week high of $54.59. The company has a market capitalization of $3.33 billion, a PE ratio of 10.69 and a beta of 1.65.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Wednesday, May 17th. Helmerich & Payne’s dividend payout ratio is presently 32.89%.

About Helmerich & Payne

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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.