Fulton Bank N.A. Increases Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Fulton Bank N.A. increased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 11.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,321 shares of the oil and gas company’s stock after purchasing an additional 1,180 shares during the period. Fulton Bank N.A.’s holdings in Helmerich & Payne were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its position in shares of Helmerich & Payne by 1.3% in the fourth quarter. Nordea Investment Management AB now owns 143,636 shares of the oil and gas company’s stock valued at $4,602,000 after purchasing an additional 1,796 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Helmerich & Payne by 28.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 593,330 shares of the oil and gas company’s stock worth $18,049,000 after purchasing an additional 129,613 shares during the period. Franklin Resources Inc. boosted its stake in Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock worth $4,793,000 after purchasing an additional 666 shares during the period. Tidal Investments LLC grew its holdings in Helmerich & Payne by 66.4% during the 3rd quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company’s stock valued at $2,142,000 after buying an additional 28,101 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Helmerich & Payne during the third quarter valued at about $452,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 4.6 %

Shares of HP stock opened at $34.29 on Friday. 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 firm has a market cap of $3.39 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 4.10 and a beta of 1.39. The business has a 50-day moving average price of $33.61 and a two-hundred day moving average price of $34.20. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

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

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HP shares. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $40.00 in a report on Friday. Barclays dropped their price objective on 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, Royal Bank of Canada decreased their target price on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.57.

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.