Capital Investment Advisors LLC cut its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP – Get Rating) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,210 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Capital Investment Advisors LLC’s holdings in Helmerich & Payne were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the company. Lindbrook Capital LLC raised its holdings in shares of Helmerich & Payne by 29.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,044 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 236 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Helmerich & Payne by 90.2% in the 1st quarter. AdvisorNet Financial Inc now owns 677 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 321 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Helmerich & Payne by 23.3% during the 1st quarter. Quadrant Capital Group LLC now owns 2,183 shares of the oil and gas company’s stock valued at $94,000 after buying an additional 412 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of Helmerich & Payne by 3.4% during the 1st quarter. Kestra Advisory Services LLC now owns 13,389 shares of the oil and gas company’s stock valued at $573,000 after buying an additional 437 shares during the period. Finally, Mutual of America Capital Management LLC raised its holdings in shares of Helmerich & Payne by 3.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,203 shares of the oil and gas company’s stock valued at $650,000 after buying an additional 461 shares during the period. 94.61% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Helmerich & Payne
In related news, SVP Raymond John Adams III sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $47.50, for a total transaction of $71,250.00. Following the completion of the transaction, the senior vice president now owns 52,935 shares in the company, valued at approximately $2,514,412.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.35% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Citigroup raised their target price on Helmerich & Payne from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, July 6th. Barclays raised their price objective on Helmerich & Payne to $58.00 in a research note on Tuesday, August 9th. Susquehanna Bancshares raised their price objective on Helmerich & Payne from $55.00 to $62.00 and gave the company a “positive” rating in a research note on Wednesday, June 8th. Susquehanna raised their price objective on Helmerich & Payne from $55.00 to $62.00 in a research note on Wednesday, June 8th. Finally, Morgan Stanley raised their price objective on Helmerich & Payne from $45.00 to $48.00 and gave the company an “underweight” rating in a research note on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus target price of $51.22.
Helmerich & Payne Price Performance
Shares of HP opened at $42.72 on Monday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of -38.49 and a beta of 1.69. The stock has a 50 day moving average of $42.84 and a 200-day moving average of $44.27. The company has a current ratio of 2.36, a quick ratio of 2.14 and a debt-to-equity ratio of 0.20. Helmerich & Payne, Inc. has a 52 week low of $20.93 and a 52 week high of $54.59.
Helmerich & Payne Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. Helmerich & Payne’s dividend payout ratio is currently -90.09%.
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.
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