First National Trust Co. lessened its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,742 shares of the oil and gas company’s stock after selling 2,277 shares during the quarter. First National Trust Co.’s holdings in Helmerich & Payne were worth $716,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HP. Teachers Advisors LLC grew its position in Helmerich & Payne by 5.3% in the first quarter. Teachers Advisors LLC now owns 162,850 shares of the oil and gas company’s stock worth $10,841,000 after buying an additional 8,227 shares during the last quarter. Thrivent Financial For Lutherans grew its position in Helmerich & Payne by 6.6% in the first quarter. Thrivent Financial For Lutherans now owns 4,010 shares of the oil and gas company’s stock worth $267,000 after buying an additional 250 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in Helmerich & Payne by 21.7% in the second quarter. Xact Kapitalforvaltning AB now owns 8,811 shares of the oil and gas company’s stock worth $479,000 after buying an additional 1,569 shares during the last quarter. Bank of Montreal Can grew its position in Helmerich & Payne by 26.5% in the second quarter. Bank of Montreal Can now owns 428,911 shares of the oil and gas company’s stock worth $23,307,000 after buying an additional 89,762 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Helmerich & Payne by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 10,058 shares of the oil and gas company’s stock worth $547,000 after buying an additional 57 shares during the last quarter.

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Several research analysts have issued reports on the stock. B. Riley restated a “neutral” rating on shares of Helmerich & Payne in a research report on Wednesday, November 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $65.00 price objective on shares of Helmerich & Payne in a research note on Thursday, July 20th. Seaport Global Securities reaffirmed a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. BidaskClub lowered shares of Helmerich & Payne from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. lowered shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $58.00 to $43.00 in a research note on Friday, July 28th. Nine analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $54.27.

In other news, CEO John W. Lindsay bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the acquisition, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 4.23% of the stock is currently owned by company insiders.

Helmerich & Payne, Inc. (NYSE HP) traded down $1.77 during trading on Tuesday, hitting $56.38. 1,451,000 shares of the stock were exchanged, compared to its average volume of 1,865,500. The company has a current ratio of 3.74, a quick ratio of 3.33 and a debt-to-equity ratio of 0.12. Helmerich & Payne, Inc. has a fifty-two week low of $42.16 and a fifty-two week high of $85.78.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.97%. Helmerich & Payne’s dividend payout ratio is currently -167.66%.

About Helmerich & Payne

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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

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