Illinois Municipal Retirement Fund Has $2.18 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Illinois Municipal Retirement Fund lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,219 shares of the oil and gas company’s stock after purchasing an additional 4,487 shares during the quarter. Illinois Municipal Retirement Fund owned 0.06% of Helmerich & Payne worth $2,181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of HP. Victory Capital Management Inc. grew its stake in shares of Helmerich & Payne by 13,372.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock worth $101,958,000 after acquiring an additional 2,400,414 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Helmerich & Payne by 130.8% during the fourth quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock worth $98,535,000 after acquiring an additional 1,541,987 shares in the last quarter. Wellington Management Group LLP boosted its position in Helmerich & Payne by 38.6% during the third quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company’s stock valued at $37,861,000 after purchasing an additional 250,130 shares during the last quarter. American Century Companies Inc. grew its stake in Helmerich & Payne by 78.1% in the third quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company’s stock valued at $21,460,000 after purchasing an additional 223,171 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Helmerich & Payne by 98.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 419,766 shares of the oil and gas company’s stock worth $17,697,000 after purchasing an additional 208,447 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Susquehanna upped their target price on shares of Helmerich & Payne from $50.00 to $52.00 and gave the company a “positive” rating in a report on Monday, April 8th. Barclays downgraded shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $44.00 to $40.00 in a research note on Wednesday, January 10th. Royal Bank of Canada boosted their price target on Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group cut their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.88.

Helmerich & Payne Stock Down 4.7 %

NYSE HP opened at $40.42 on Friday. Helmerich & Payne, Inc. has a fifty-two week low of $30.41 and a fifty-two week high of $46.55. The business has a fifty day moving average price of $40.74 and a two-hundred day moving average price of $38.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.11 and a quick ratio of 1.89. The stock has a market capitalization of $3.99 billion, a PE ratio of 11.55, a PEG ratio of 2.03 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.24. The business had revenue of $677.00 million for the quarter, compared to analyst estimates of $661.81 million. Helmerich & Payne had a return on equity of 13.28% and a net margin of 12.84%. Helmerich & Payne’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.11 earnings per share. Equities analysts expect that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne’s payout ratio is 28.57%.

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.