Gotham Asset Management LLC Sells 39,595 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Gotham Asset Management LLC decreased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 63.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,201 shares of the oil and gas company’s stock after selling 39,595 shares during the period. Gotham Asset Management LLC’s holdings in Helmerich & Payne were worth $743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HP. Kestra Investment Management LLC purchased a new stake in shares of Helmerich & Payne during the 4th quarter valued at about $27,000. Covestor Ltd grew its position in Helmerich & Payne by 61.3% during the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company’s stock valued at $76,000 after buying an additional 907 shares during the period. Smartleaf Asset Management LLC increased its holdings in Helmerich & Payne by 82.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock valued at $88,000 after buying an additional 1,268 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Helmerich & Payne by 817.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company’s stock valued at $98,000 after buying an additional 2,714 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Helmerich & Payne by 120.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,533 shares of the oil and gas company’s stock worth $113,000 after acquiring an additional 1,932 shares during the period. Institutional investors own 96.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HP. Argus raised shares of Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. TD Cowen lowered their target price on Helmerich & Payne from $28.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, May 9th. Citigroup reduced their price target on Helmerich & Payne from $32.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. StockNews.com downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. Finally, Susquehanna lowered their price objective on Helmerich & Payne from $43.00 to $28.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.40.

Helmerich & Payne Stock Performance

NYSE HP opened at $17.82 on Monday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a twelve month low of $17.49 and a twelve month high of $42.60. The business has a 50-day moving average price of $21.53 and a 200-day moving average price of $28.27. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.63). Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $961.03 million. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. As a group, equities research analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 45.66%.

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.