Lmcg Investments LLC Sells 1,366 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Lmcg Investments LLC decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,233 shares of the oil and gas company’s stock after selling 1,366 shares during the quarter. Lmcg Investments LLC’s holdings in Helmerich & Payne were worth $3,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HP. Vanguard Personalized Indexing Management LLC grew its stake in Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock worth $795,000 after purchasing an additional 513 shares during the period. KBC Group NV boosted its holdings in shares of Helmerich & Payne by 20.3% during the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after buying an additional 529 shares in the last quarter. Covestor Ltd grew its position in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after buying an additional 643 shares during the period. Franklin Resources Inc. increased its stake in shares of Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock valued at $4,793,000 after acquiring an additional 666 shares in the last quarter. Finally, Fruth Investment Management lifted its position in shares of Helmerich & Payne by 6.3% during the 3rd quarter. Fruth Investment Management now owns 13,425 shares of the oil and gas company’s stock valued at $408,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HP. Royal Bank of Canada cut their price target on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. Barclays lowered their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $40.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Helmerich & Payne currently has an average rating of “Hold” and an average target price of $39.50.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $36.38 on Tuesday. The company has a market capitalization of $3.59 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 4.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67. Helmerich & Payne, Inc. has a fifty-two week low of $29.46 and a fifty-two week high of $44.11. The company’s 50-day moving average is $33.69 and its 200 day moving average is $34.19.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.76. The firm had revenue of $693.79 million for the quarter, compared to analyst estimates of $695.99 million. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 3.06 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s payout ratio is currently 29.07%.

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.