Cerity Partners LLC Purchases 5,642 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Cerity Partners LLC increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 67.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,957 shares of the oil and gas company’s stock after purchasing an additional 5,642 shares during the quarter. Cerity Partners LLC’s holdings in Helmerich & Payne were worth $425,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HP. Covestor Ltd raised its stake in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 643 shares in the last quarter. Blue Trust Inc. lifted its stake in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares during the period. Headlands Technologies LLC lifted its stake in Helmerich & Payne by 96.9% during the second quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock worth $56,000 after purchasing an additional 757 shares during the period. Eastern Bank acquired a new stake in Helmerich & Payne during the third quarter valued at approximately $61,000. Finally, KBC Group NV grew its stake in shares of 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 purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 4.5 %

HP opened at $33.24 on Monday. Helmerich & Payne, Inc. has a 1-year low of $29.46 and a 1-year high of $44.11. The stock has a market capitalization of $3.28 billion, a PE ratio of 9.66, a PEG ratio of 4.29 and a beta of 1.39. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $34.50 and a two-hundred day moving average price of $34.70.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The business had revenue of $693.79 million during the quarter, compared to analyst estimates of $695.99 million. During the same quarter last year, the business posted $0.69 earnings per share. Helmerich & Payne’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.12 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. Helmerich & Payne’s payout ratio is currently 29.07%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Royal Bank of Canada lowered their target price 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. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a report on Thursday, August 29th. Barclays decreased their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. Finally, 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 note on Friday, September 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.57.

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.