Chevy Chase Trust Holdings Inc. decreased its position in Helmerich & Payne, Inc. (NYSE:HP) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,522 shares of the oil and gas company’s stock after selling 2,167 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.08% of Helmerich & Payne worth $6,225,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in HP. Flagship Harbor Advisors LLC bought a new stake in Helmerich & Payne in the second quarter valued at $134,000. Viking Fund Management LLC bought a new stake in Helmerich & Payne in the second quarter valued at $159,000. Abner Herrman & Brock LLC bought a new stake in Helmerich & Payne in the third quarter valued at $206,000. Pratt Collard Advisory Partners LLC bought a new stake in Helmerich & Payne in the third quarter valued at $208,000. Finally, UMB Bank N A MO bought a new stake in Helmerich & Payne in the third quarter valued at $215,000. Institutional investors and hedge funds own 92.11% of the company’s stock.
In other news, Director Chapman Paula Marshall sold 11,309 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the completion of the sale, the director now directly owns 14,874 shares of the company’s stock, valued at $968,743.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Lindsay sold 30,000 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $70.00, for a total transaction of $2,100,000.00. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.
NYSE:HP opened at $60.95 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.97 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.75 billion, a PE ratio of -47.99 and a beta of 1.36. Helmerich & Payne, Inc. has a one year low of $52.53 and a one year high of $75.02.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, November 8th. Helmerich & Payne’s payout ratio is presently -223.62%.
HP has been the subject of several research analyst reports. B. Riley raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price target for the company from $68.00 to $83.00 in a research note on Monday, September 24th. ValuEngine raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Zacks Investment Research raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Tuesday, October 9th. Cowen set a $57.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research note on Monday, July 30th. Finally, Piper Jaffray Companies set a $67.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a research note on Sunday, July 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $72.00.
Helmerich & Payne Company Profile
Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.
Read More: Google Finance Portfolio Workaround
Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.