Glenmede Trust Co. NA Boosts Stake in Helmerich & Payne, Inc. (NYSE:HP)

Glenmede Trust Co. NA boosted its position in Helmerich & Payne, Inc. (NYSE:HP) by 25.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,012 shares of the oil and gas company’s stock after acquiring an additional 83,185 shares during the quarter. Glenmede Trust Co. NA owned 0.41% of Helmerich & Payne worth $12,412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in HP. Covestor Ltd grew its stake in shares of Helmerich & Payne by 76.9% during the third 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 during the last quarter. Blue Trust Inc. grew its position in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the last quarter. Headlands Technologies LLC increased its stake in Helmerich & Payne by 96.9% in the 2nd 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 bought a new stake in Helmerich & Payne in the third quarter valued at approximately $61,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Helmerich & Payne during the first quarter valued at approximately $102,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $34.63 on Friday. The company’s fifty day moving average price is $34.12 and its 200-day moving average price is $34.92. The stock has a market cap of $3.42 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 4.15 and a beta of 1.40. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. 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 quarterly earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The company had revenue of $693.79 million during the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. Helmerich & Payne’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. On average, equities analysts expect that Helmerich & Payne, Inc. will post 3.21 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. Helmerich & Payne’s payout ratio is currently 29.07%.

Wall Street Analysts Forecast Growth

HP has been the topic of several analyst reports. Barclays decreased their target price 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. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a report on Friday, November 15th. Citigroup reduced their target price on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, The Goldman Sachs Group decreased their price objective 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne has an average rating of “Hold” and a consensus price target of $38.57.

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.