Natixis Advisors LLC Sells 3,813 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Natixis Advisors LLC decreased its position in Helmerich & Payne, Inc. (NYSE:HP) by 15.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,369 shares of the oil and gas company’s stock after selling 3,813 shares during the period. Natixis Advisors LLC’s holdings in Helmerich & Payne were worth $650,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HP. KBC Group NV lifted its position in Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after acquiring an additional 529 shares in the last quarter. MQS Management LLC lifted its holdings in shares of Helmerich & Payne by 110.7% during the third quarter. MQS Management LLC now owns 19,262 shares of the oil and gas company’s stock valued at $586,000 after purchasing an additional 10,122 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of Helmerich & Payne by 15.5% during the third quarter. Aptus Capital Advisors LLC now owns 134,306 shares of the oil and gas company’s stock valued at $4,086,000 after buying an additional 18,070 shares during the last quarter. Entropy Technologies LP increased its holdings in Helmerich & Payne by 8.9% in the 3rd quarter. Entropy Technologies LP now owns 17,192 shares of the oil and gas company’s stock worth $523,000 after buying an additional 1,402 shares in the last quarter. Finally, Versor Investments LP raised its position in Helmerich & Payne by 56.1% in the 3rd quarter. Versor Investments LP now owns 19,512 shares of the oil and gas company’s stock worth $594,000 after buying an additional 7,015 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HP has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Citigroup cut their target price on shares of Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, September 13th. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Thursday, August 29th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Barclays lowered their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.57.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock opened at $34.86 on Thursday. The stock has a market cap of $3.44 billion, a P/E ratio of 10.17, a P/E/G ratio of 4.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. The stock’s fifty day moving average is $33.99 and its 200 day moving average is $34.92. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year high of $44.11.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The company had revenue of $693.79 million during the quarter, compared to the consensus estimate of $695.99 million. During the same period in the previous year, the company posted $0.69 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. Helmerich & Payne’s payout ratio is 29.07%.

About Helmerich & Payne

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.