Pacer Advisors Inc. Sells 1,141,196 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Pacer Advisors Inc. decreased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 29.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,685,655 shares of the oil and gas company’s stock after selling 1,141,196 shares during the quarter. Pacer Advisors Inc.’s holdings in Helmerich & Payne were worth $81,698,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Integrated Investment Consultants LLC increased its position in Helmerich & Payne by 16.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 10,374 shares of the oil and gas company’s stock worth $316,000 after purchasing an additional 1,454 shares in the last quarter. Intech Investment Management LLC grew its position in Helmerich & Payne by 45.0% during the 3rd quarter. Intech Investment Management LLC now owns 31,345 shares of the oil and gas company’s stock worth $954,000 after acquiring an additional 9,729 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Helmerich & Payne in the third quarter valued at about $106,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Helmerich & Payne by 1,241.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company’s stock valued at $10,604,000 after purchasing an additional 322,578 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. grew its holdings in shares of Helmerich & Payne by 18.7% during the third quarter. Global Alpha Capital Management Ltd. now owns 880,781 shares of the oil and gas company’s stock worth $26,793,000 after purchasing an additional 138,590 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 2.6 %

Shares of NYSE HP opened at $34.60 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The firm has a market cap of $3.42 billion, a PE ratio of 10.06, a P/E/G ratio of 3.97 and a beta of 1.40. The company’s fifty day simple moving average is $33.73 and its 200 day simple moving average is $35.04. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.76. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. During the same quarter in the prior year, the firm earned $0.69 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.21 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HP shares. The Goldman Sachs Group cut their target price on shares of Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday. Barclays lowered their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada lowered 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 report on Friday, November 15th. Finally, Evercore ISI upgraded shares of Helmerich & Payne to a “strong-buy” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.57.

Helmerich & Payne Profile

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.