Robeco Institutional Asset Management B.V. trimmed its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 20.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,109 shares of the oil and gas company’s stock after selling 29,721 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Helmerich & Payne worth $7,777,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Helmerich & Payne during the second quarter valued at about $134,000. Abner Herrman & Brock LLC bought a new position in shares of Helmerich & Payne during the third quarter worth about $206,000. Pratt Collard Advisory Partners LLC bought a new position in shares of Helmerich & Payne during the third quarter worth about $208,000. UMB Bank N A MO bought a new position in shares of Helmerich & Payne during the third quarter worth about $215,000. Finally, Independent Advisor Alliance bought a new position in shares of Helmerich & Payne during the second quarter worth about $207,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HP stock opened at $64.36 on Tuesday. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 459.71 and a beta of 1.30. The company has a quick ratio of 2.57, a current ratio of 2.96 and a debt-to-equity ratio of 0.11. Helmerich & Payne, Inc. has a fifty-two week low of $54.00 and a fifty-two week high of $75.02.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, November 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $696.83 million during the quarter, compared to the consensus estimate of $683.89 million. Helmerich & Payne had a return on equity of 0.41% and a net margin of 19.41%. On average, research analysts anticipate that Helmerich & Payne, Inc. will post 1.51 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, November 12th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.84 dividend on an annualized basis and a yield of 4.41%. Helmerich & Payne’s payout ratio is currently 2,028.57%.

In other Helmerich & Payne news, CEO John W. Lindsay sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chapman Paula Marshall sold 11,309 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $65.13, for a total value 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 approximately $968,743.62. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

HP has been the subject of a number of analyst reports. Zacks Investment Research upgraded Helmerich & Payne from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a research report on Tuesday, October 9th. B. Riley set a $83.00 price objective on Helmerich & Payne and gave the stock a “buy” rating in a research report on Sunday, October 7th. ValuEngine upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $76.00 price objective on shares of Helmerich & Payne in a research report on Monday. Finally, Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $73.76.

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Helmerich & Payne 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.

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

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