Helmerich & Payne, Inc. (NYSE:HP) Stock Holdings Lifted by CacheTech Inc.

CacheTech Inc. increased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 5.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,662 shares of the oil and gas company’s stock after buying an additional 1,005 shares during the period. CacheTech Inc.’s holdings in Helmerich & Payne were worth $598,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. US Bancorp DE boosted its stake in Helmerich & Payne by 2.3% in the third quarter. US Bancorp DE now owns 49,240 shares of the oil and gas company’s stock valued at $1,498,000 after acquiring an additional 1,099 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Helmerich & Payne by 3.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 233,520 shares of the oil and gas company’s stock worth $7,104,000 after purchasing an additional 7,515 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Helmerich & Payne by 2.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 96,420 shares of the oil and gas company’s stock worth $2,933,000 after purchasing an additional 1,901 shares during the last quarter. Semanteon Capital Management LP boosted its position in Helmerich & Payne by 33.9% during the 3rd quarter. Semanteon Capital Management LP now owns 37,033 shares of the oil and gas company’s stock valued at $1,127,000 after purchasing an additional 9,383 shares during the period. Finally, Ellis Investment Partners LLC grew its stake in Helmerich & Payne by 31.7% during the 3rd quarter. Ellis Investment Partners LLC now owns 12,807 shares of the oil and gas company’s stock worth $390,000 after buying an additional 3,082 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 2.0 %

Helmerich & Payne stock opened at $32.93 on Friday. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.12 and a quick ratio of 1.87. The stock has a market capitalization of $3.25 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 3.60 and a beta of 1.42. The firm has a 50 day simple moving average of $32.83 and a 200-day simple moving average of $35.58.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s payout ratio is currently 28.99%.

Wall Street Analysts Forecast Growth

HP has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. Royal Bank of Canada lifted their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Piper Sandler decreased their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Barclays reduced their price objective on Helmerich & Payne from $42.00 to $39.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.29.

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.