ProShare Advisors LLC Has $543,000 Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

ProShare Advisors LLC trimmed its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 23.6% during the second quarter, Holdings Channel reports. The institutional investor owned 15,023 shares of the oil and gas company’s stock after selling 4,649 shares during the quarter. ProShare Advisors LLC’s holdings in Helmerich & Payne were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HP. Dimensional Fund Advisors LP lifted its position in Helmerich & Payne by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,576,795 shares of the oil and gas company’s stock valued at $201,543,000 after acquiring an additional 176,179 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Helmerich & Payne by 9.4% in the second quarter. Pacer Advisors Inc. now owns 3,826,851 shares of the oil and gas company’s stock worth $138,302,000 after purchasing an additional 327,802 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Helmerich & Payne by 5.5% in the first quarter. Earnest Partners LLC now owns 2,998,189 shares of the oil and gas company’s stock valued at $126,104,000 after purchasing an additional 155,242 shares in the last quarter. Boston Trust Walden Corp boosted its position in shares of Helmerich & Payne by 1.3% during the second quarter. Boston Trust Walden Corp now owns 2,222,477 shares of the oil and gas company’s stock valued at $80,320,000 after buying an additional 27,660 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Helmerich & Payne by 38.1% during the second quarter. American Century Companies Inc. now owns 1,862,362 shares of the oil and gas company’s stock worth $67,306,000 after buying an additional 513,647 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Up 1.4 %

Helmerich & Payne stock opened at $30.41 on Tuesday. The firm has a 50 day moving average price of $33.62 and a 200-day moving average price of $36.82. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a twelve month low of $29.46 and a twelve month high of $44.80. The company has a market capitalization of $3.00 billion, a P/E ratio of 8.69, a P/E/G ratio of 3.62 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.15. The business had revenue of $697.70 million during the quarter, compared to analyst estimates of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. Helmerich & Payne’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. As a group, equities analysts predict that Helmerich & Payne, Inc. will post 3.48 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 28.57%.

Analyst Ratings Changes

HP has been the topic of several recent analyst reports. Bank of America dropped their price objective on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Royal Bank of Canada boosted their price target on shares of Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Friday, July 26th. The Goldman Sachs Group reduced their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. Piper Sandler dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Finally, Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $40.88.

Helmerich & Payne Company 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.