Aigen Investment Management LP Lowers Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Aigen Investment Management LP reduced its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 14.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,657 shares of the oil and gas company’s stock after selling 1,090 shares during the period. Aigen Investment Management LP’s holdings in Helmerich & Payne were worth $203,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in shares of Helmerich & Payne in the first quarter valued at $33,000. Covestor Ltd increased its holdings in Helmerich & Payne by 253.4% during the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 674 shares during the period. Blue Trust Inc. raised its position in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 854 shares in the last quarter. Eastern Bank purchased a new position in shares of Helmerich & Payne in the 3rd quarter valued at about $61,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Helmerich & Payne during the first quarter worth about $102,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Trading Down 0.3 %

NYSE:HP opened at $33.85 on Friday. The company has a market capitalization of $3.34 billion, a PE ratio of 9.84, a P/E/G ratio of 3.84 and a beta of 1.40. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $44.11. The stock’s 50 day moving average price is $33.48 and its 200 day moving average price is $35.14. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

HP has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Monday, August 5th. Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Citigroup cut their price target on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Finally, The Goldman Sachs Group lowered their price objective on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and a consensus price target of $39.00.

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.