Fulton Bank N.A. Purchases 566 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Fulton Bank N.A. raised its stake in Helmerich & Payne, Inc. (NYSE:HPFree Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,770 shares of the oil and gas company’s stock after buying an additional 566 shares during the period. Fulton Bank N.A.’s holdings in Helmerich & Payne were worth $354,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Helmerich & Payne by 38.6% during the 3rd quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company’s stock valued at $37,861,000 after purchasing an additional 250,130 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Helmerich & Payne by 78.1% during the 3rd quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company’s stock valued at $21,460,000 after purchasing an additional 223,171 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Helmerich & Payne by 37.4% during the 3rd quarter. Deutsche Bank AG now owns 61,596 shares of the oil and gas company’s stock valued at $2,597,000 after purchasing an additional 16,774 shares in the last quarter. Comerica Bank bought a new stake in shares of Helmerich & Payne during the 3rd quarter valued at about $4,294,000. Finally, Creative Planning boosted its position in shares of Helmerich & Payne by 24.9% during the 3rd quarter. Creative Planning now owns 12,865 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 2,568 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HP shares. Barclays lowered Helmerich & Payne from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. Royal Bank of Canada increased their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Friday, January 12th. StockNews.com downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Susquehanna reissued a “positive” rating and issued a $50.00 price objective on shares of Helmerich & Payne in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $42.63.

Read Our Latest Report on HP

Helmerich & Payne Stock Performance

Shares of HP opened at $40.13 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 8.63 and a beta of 1.50. The stock has a 50 day moving average of $37.29 and a 200 day moving average of $38.83. Helmerich & Payne, Inc. has a 12 month low of $30.41 and a 12 month high of $46.55.

Helmerich & Payne (NYSE:HPGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.24. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The business had revenue of $677.00 million during the quarter, compared to analyst estimates of $661.81 million. During the same period in the prior year, the company earned $1.11 earnings per share. Helmerich & Payne’s revenue was down 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.51 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne’s dividend payout ratio (DPR) is 23.87%.

Helmerich & Payne Company Profile

(Free Report)

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.

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

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