Exchange Traded Concepts LLC Boosts Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Exchange Traded Concepts LLC lifted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,567 shares of the oil and gas company’s stock after buying an additional 1,764 shares during the period. Exchange Traded Concepts LLC’s holdings in Helmerich & Payne were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in shares of Helmerich & Payne by 19.4% during the 4th quarter. SG Americas Securities LLC now owns 14,504 shares of the oil and gas company’s stock worth $464,000 after acquiring an additional 2,357 shares during the period. Wedge Capital Management L L P NC grew its position in Helmerich & Payne by 3.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 185,384 shares of the oil and gas company’s stock worth $5,936,000 after acquiring an additional 5,376 shares during the period. Profit Investment Management LLC increased its stake in Helmerich & Payne by 9.4% during the fourth quarter. Profit Investment Management LLC now owns 76,461 shares of the oil and gas company’s stock worth $2,448,000 after acquiring an additional 6,546 shares during the last quarter. SignalPoint Asset Management LLC purchased a new stake in Helmerich & Payne in the fourth quarter valued at $207,000. Finally, Steph & Co. purchased a new position in shares of Helmerich & Payne during the 4th quarter worth $87,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Down 2.8 %

Shares of NYSE:HP opened at $32.93 on Wednesday. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The firm’s 50 day moving average price is $33.72 and its 200 day moving average price is $34.13. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 4.45 and a beta of 1.39.

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 for the quarter, meeting analysts’ consensus estimates of $0.76. The business had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. As a group, equities research analysts predict that Helmerich & Payne, Inc. will post 3.06 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.04%. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HP. Evercore ISI reiterated an “in-line” rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and raised their target price for the company from $33.00 to $40.00 in a report on Friday, January 10th. Royal Bank of Canada cut 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 research note on Friday, November 15th. Barclays lowered their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.50.

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.