Keybank National Association OH Cuts Stake in Helmerich & Payne, Inc. (NYSE:HP)

Keybank National Association OH lessened its stake in Helmerich & Payne, Inc. (NYSE:HP) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,660 shares of the oil and gas company’s stock after selling 10,958 shares during the period. Keybank National Association OH owned 0.10% of Helmerich & Payne worth $4,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of HP. Vanguard Group Inc. boosted its holdings in Helmerich & Payne by 4.1% in the second quarter. Vanguard Group Inc. now owns 12,381,816 shares of the oil and gas company’s stock worth $626,767,000 after acquiring an additional 490,806 shares in the last quarter. Invesco Ltd. boosted its holdings in Helmerich & Payne by 18.7% in the second quarter. Invesco Ltd. now owns 2,156,692 shares of the oil and gas company’s stock worth $109,172,000 after acquiring an additional 339,457 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Helmerich & Payne by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 1,788,824 shares of the oil and gas company’s stock worth $90,551,000 after acquiring an additional 81,159 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Helmerich & Payne by 1.2% in the third quarter. Fisher Asset Management LLC now owns 1,466,963 shares of the oil and gas company’s stock worth $58,781,000 after acquiring an additional 17,495 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Helmerich & Payne by 3.8% in the second quarter. Northern Trust Corp now owns 1,307,637 shares of the oil and gas company’s stock worth $66,193,000 after acquiring an additional 47,878 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Shares of Helmerich & Payne stock traded up $0.67 on Friday, reaching $40.75. 1,631,105 shares of the stock were exchanged, compared to its average volume of 1,409,894. The company has a quick ratio of 2.47, a current ratio of 2.86 and a debt-to-equity ratio of 0.12. Helmerich & Payne, Inc. has a twelve month low of $35.74 and a twelve month high of $64.80. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 291.07, a PEG ratio of 3.79 and a beta of 1.59. The business has a 50 day moving average price of $39.38 and a two-hundred day moving average price of $46.39.

The company also recently announced a — dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be issued a dividend of $0.71 per share. This represents a dividend yield of 7.4%. The ex-dividend date is Thursday, November 7th. Helmerich & Payne’s dividend payout ratio (DPR) is 2,028.57%.

Several brokerages have weighed in on HP. ValuEngine raised Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup downgraded Helmerich & Payne from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $43.00 in a report on Monday, September 30th. Capital One Financial reissued an “overweight” rating on shares of Helmerich & Payne in a report on Tuesday, October 8th. B. Riley reissued a “buy” rating and issued a $63.00 price target (down previously from $83.00) on shares of Helmerich & Payne in a report on Friday, August 2nd. Finally, Royal Bank of Canada set a $65.00 price target on Helmerich & Payne and gave the stock a “buy” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.71.

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.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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