New York State Teachers Retirement System Buys 26,914 Shares of Helmerich & Payne, Inc. (NYSE:HP)

New York State Teachers Retirement System increased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 20.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,405 shares of the oil and gas company’s stock after acquiring an additional 26,914 shares during the period. New York State Teachers Retirement System owned about 0.16% of Helmerich & Payne worth $5,774,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Global Alpha Capital Management Ltd. raised its stake in Helmerich & Payne by 51.6% in the third quarter. Global Alpha Capital Management Ltd. now owns 559,491 shares of the oil and gas company’s stock valued at $23,588,000 after buying an additional 190,400 shares during the period. Gotham Asset Management LLC raised its stake in Helmerich & Payne by 92.7% in the third quarter. Gotham Asset Management LLC now owns 59,596 shares of the oil and gas company’s stock valued at $2,513,000 after buying an additional 28,675 shares during the period. Dark Forest Capital Management LP bought a new stake in Helmerich & Payne in the third quarter valued at approximately $1,053,000. Boston Trust Walden Corp raised its stake in Helmerich & Payne by 1.6% in the fourth quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after buying an additional 34,863 shares during the period. Finally, Deutsche Bank AG raised its stake in Helmerich & Payne by 37.4% in the third quarter. Deutsche Bank AG now owns 61,596 shares of the oil and gas company’s stock valued at $2,597,000 after buying an additional 16,774 shares during the period. Institutional investors own 96.05% of the company’s stock.

Analyst Ratings Changes

HP has been the topic of several research analyst reports. Susquehanna upped their price objective on Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Piper Sandler upped their target price on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Royal Bank of Canada upped their target price on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 31st. Benchmark downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Finally, Barclays downgraded Helmerich & Payne from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average price target of $42.88.

Helmerich & Payne Trading Down 1.5 %

Shares of NYSE:HP opened at $41.78 on Friday. The company has a market capitalization of $4.13 billion, a P/E ratio of 9.97, a P/E/G ratio of 9.32 and a beta of 1.51. Helmerich & Payne, Inc. has a 1 year low of $30.41 and a 1 year high of $46.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.11 and a quick ratio of 1.89. The business’s 50 day simple moving average is $40.09 and its 200 day simple moving average is $38.69.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.24. The firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $661.81 million. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. On average, research analysts anticipate that Helmerich & Payne, Inc. will post 3.47 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne’s dividend payout ratio is presently 23.87%.

Helmerich & Payne 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.