Gilliland Jeter Wealth Management LLC Takes Position in Helmerich & Payne, Inc. (NYSE:HP)

Gilliland Jeter Wealth Management LLC acquired a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,800 shares of the oil and gas company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HP. Victory Capital Management Inc. boosted its stake in Helmerich & Payne by 13,372.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock worth $101,958,000 after buying an additional 2,400,414 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Helmerich & Payne by 130.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock worth $98,535,000 after buying an additional 1,541,987 shares during the last quarter. Wellington Management Group LLP boosted its stake in Helmerich & Payne by 38.6% in the 3rd quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company’s stock worth $37,861,000 after buying an additional 250,130 shares during the last quarter. American Century Companies Inc. boosted its stake in Helmerich & Payne by 78.1% in the 3rd quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company’s stock worth $21,460,000 after buying an additional 223,171 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Helmerich & Payne by 98.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 419,766 shares of the oil and gas company’s stock worth $17,697,000 after buying an additional 208,447 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Down 0.1 %

HP stock traded down $0.05 during midday trading on Friday, hitting $40.39. 1,246,526 shares of the company’s stock were exchanged, compared to its average volume of 1,093,179. The company has a current ratio of 2.16, a quick ratio of 1.89 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 12-month low of $30.41 and a 12-month high of $46.55. The firm has a 50 day moving average price of $40.75 and a 200-day moving average price of $38.71. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.24. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company had revenue of $677.00 million for the quarter, compared to the consensus estimate of $661.81 million. During the same period in the previous year, the business earned $1.11 EPS. Helmerich & Payne’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, analysts anticipate that Helmerich & Payne, Inc. will post 3.59 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.42 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.16%. Helmerich & Payne’s dividend payout ratio (DPR) is 28.57%.

Analyst Upgrades and Downgrades

HP has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Citigroup lifted their price objective on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a research note on Friday, January 12th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday. Finally, Barclays lowered Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $44.00 to $40.00 in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and an average price target of $42.63.

Helmerich & Payne 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.