Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 46.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,903 shares of the oil and gas company’s stock after selling 23,580 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Helmerich & Payne were worth $1,739,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sandy Spring Bank increased its holdings in Helmerich & Payne by 36.7% in the 3rd quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 950 shares in the last quarter. Sapphire Star Partners LP acquired a new stake in Helmerich & Payne in the 3rd quarter valued at $202,000. Private Advisor Group LLC acquired a new stake in Helmerich & Payne in the 3rd quarter valued at $206,000. McCollum Christoferson Group LLC acquired a new stake in Helmerich & Payne in the 4th quarter valued at $209,000. Finally, IFM Investors Pty Ltd acquired a new stake in Helmerich & Payne in the 4th quarter valued at $215,000.

Helmerich & Payne, Inc. (NYSE HP) opened at $64.61 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.89 and a current ratio of 3.28. Helmerich & Payne, Inc. has a 12-month low of $42.16 and a 12-month high of $75.02. The company has a market cap of $6,926.10, a PE ratio of 17.57 and a beta of 1.27.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a net margin of 20.30% and a negative return on equity of 1.90%. The business had revenue of $564.10 million for the quarter, compared to analysts’ expectations of $547.64 million. During the same quarter last year, the company posted ($0.33) earnings per share. The company’s quarterly revenue was up 53.0% compared to the same quarter last year. research analysts forecast that Helmerich & Payne, Inc. will post -0.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 4.33%. Helmerich & Payne’s payout ratio is 76.09%.

In other news, Director Chapman Paula Marshall sold 2,555 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $57.80, for a total transaction of $147,679.00. Following the transaction, the director now owns 12,525 shares of the company’s stock, valued at $723,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.10% of the company’s stock.

Several analysts recently issued reports on HP shares. Zacks Investment Research downgraded Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Jefferies Group reiterated a “hold” rating and issued a $69.00 price target on shares of Helmerich & Payne in a report on Thursday, January 25th. B. Riley reiterated a “neutral” rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. Stephens began coverage on Helmerich & Payne in a research note on Tuesday, January 9th. They set an “equal weight” rating and a $67.00 target price for the company. Finally, Argus raised their target price on Helmerich & Payne from $65.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Seven research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $57.68.

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Helmerich & Payne Company Profile

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.

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

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