Raymond James Financial Services Advisors Inc. Sells 779 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,337 shares of the oil and gas company’s stock after selling 779 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Helmerich & Payne were worth $845,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY grew its holdings in shares of Helmerich & Payne by 3.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 6,313 shares of the oil and gas company’s stock valued at $313,000 after acquiring an additional 226 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Helmerich & Payne by 1.9% in the second quarter. Captrust Financial Advisors now owns 17,651 shares of the oil and gas company’s stock valued at $626,000 after acquiring an additional 334 shares in the last quarter. Transform Wealth LLC grew its holdings in shares of Helmerich & Payne by 4.1% in the third quarter. Transform Wealth LLC now owns 8,919 shares of the oil and gas company’s stock valued at $376,000 after acquiring an additional 354 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Helmerich & Payne by 221.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 533 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 367 shares in the last quarter. Finally, Ridgewood Investments LLC grew its holdings in shares of Helmerich & Payne by 3.7% in the fourth quarter. Ridgewood Investments LLC now owns 12,544 shares of the oil and gas company’s stock valued at $454,000 after acquiring an additional 449 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Trading Down 0.4 %

NYSE:HP opened at $41.62 on Tuesday. The company has a market cap of $4.11 billion, a P/E ratio of 9.93, a P/E/G ratio of 8.76 and a beta of 1.51. The stock’s fifty day moving average price is $40.18 and its two-hundred day moving average price is $38.61. 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.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $677.00 million for the quarter, compared to the consensus estimate of $661.81 million. During the same quarter in the prior year, the business posted $1.11 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, analysts expect that Helmerich & Payne, Inc. will post 3.59 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.42 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.04%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 23.87%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. 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 report on Wednesday, January 31st. Piper Sandler upped their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Benchmark downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. 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. Finally, Barclays downgraded Helmerich & Payne from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average target price of $42.88.

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.