Pacer Advisors Inc. Grows Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Pacer Advisors Inc. grew its position in Helmerich & Payne, Inc. (NYSE:HP) by 9.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,826,851 shares of the oil and gas company’s stock after acquiring an additional 327,802 shares during the period. Pacer Advisors Inc.’s holdings in Helmerich & Payne were worth $138,302,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Headlands Technologies LLC acquired a new position in Helmerich & Payne in the 1st quarter worth about $33,000. Principal Securities Inc. purchased a new stake in shares of Helmerich & Payne in the fourth quarter valued at approximately $35,000. Hexagon Capital Partners LLC raised its stake in shares of Helmerich & Payne by 514.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after buying an additional 787 shares during the period. Covestor Ltd lifted its position in shares of Helmerich & Payne by 253.4% during the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 674 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Helmerich & Payne by 94.9% in the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after acquiring an additional 595 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Price Performance

NYSE:HP opened at $32.62 on Friday. The stock has a 50 day moving average price of $34.62 and a 200 day moving average price of $37.19. The stock has a market cap of $3.22 billion, a PE ratio of 9.32, a P/E/G ratio of 3.29 and a beta of 1.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year high of $45.04.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.15. The business had revenue of $697.70 million during the quarter, compared to the consensus estimate of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. Equities research analysts expect that Helmerich & Payne, Inc. will post 3.57 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 3.07%. Helmerich & Payne’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Citigroup lowered their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Bank of America reduced their target price on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. Piper Sandler reduced their target price on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Finally, Evercore ISI raised Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $40.88.

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.