Hara Capital LLC Decreases Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Hara Capital LLC cut its stake in Helmerich & Payne, Inc. (NYSE:HP) by 54.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,869 shares of the oil and gas company’s stock after selling 11,830 shares during the quarter. Hara Capital LLC’s holdings in Helmerich & Payne were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $33,000. Covestor Ltd raised its stake in shares of Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 674 shares during the period. Blue Trust Inc. lifted its position in shares of Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 854 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Helmerich & Payne by 94.9% in the first quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 595 shares during the period. Finally, Eastern Bank acquired a new stake in Helmerich & Payne during the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

HP has been the subject of a number of analyst reports. Royal Bank of Canada upped 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. Bank of America reduced their price target on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. Citigroup dropped their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. Finally, Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average price target of $40.29.

Helmerich & Payne Stock Performance

NYSE HP traded down $0.76 during trading hours on Thursday, reaching $35.99. The company’s stock had a trading volume of 184,908 shares, compared to its average volume of 1,367,141. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $32.94 and a 200 day simple moving average of $35.40. Helmerich & Payne, Inc. has a 52 week low of $29.46 and a 52 week high of $44.11. The stock has a market cap of $3.55 billion, a PE ratio of 10.65, a PEG ratio of 3.58 and a beta of 1.40.

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 issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Monday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is 28.99%.

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.