Duality Advisers LP Sells 12,971 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Duality Advisers LP cut its position in Helmerich & Payne, Inc. (NYSE:HP) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,866 shares of the oil and gas company’s stock after selling 12,971 shares during the quarter. Duality Advisers LP’s holdings in Helmerich & Payne were worth $1,625,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisors LLC bought a new position in Helmerich & Payne in the 3rd quarter valued at approximately $222,000. Integrated Investment Consultants LLC raised its stake in shares of Helmerich & Payne by 23.9% during the third quarter. Integrated Investment Consultants LLC now owns 9,453 shares of the oil and gas company’s stock valued at $399,000 after acquiring an additional 1,822 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Helmerich & Payne by 189.6% during the third quarter. Raymond James & Associates now owns 51,946 shares of the oil and gas company’s stock worth $2,190,000 after purchasing an additional 34,007 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Helmerich & Payne by 5.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,178 shares of the oil and gas company’s stock worth $935,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Strs Ohio grew its stake in shares of Helmerich & Payne by 134.3% in the third quarter. Strs Ohio now owns 31,400 shares of the oil and gas company’s stock worth $1,323,000 after purchasing an additional 18,000 shares during the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HP shares. Benchmark lowered Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Piper Sandler lifted their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 20th. Citigroup raised their price target on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Royal Bank of Canada boosted their target price on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Finally, Susquehanna upped their price target on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.88.

Helmerich & Payne Stock Down 1.7 %

Helmerich & Payne stock opened at $41.25 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.11 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.08 billion, a PE ratio of 9.84, a PEG ratio of 2.01 and a beta of 1.51. The firm’s fifty day moving average is $40.48 and its 200 day moving average is $38.65. Helmerich & Payne, Inc. has a 12-month low of $30.41 and a 12-month high of $46.55.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.24. The firm had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a net margin of 15.27% and a return on equity of 15.06%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post 3.59 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a yield of 4.07%. Helmerich & Payne’s payout ratio is currently 23.87%.

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.