Pacer Advisors Inc. Has $81.70 Million Position in Helmerich & Payne, Inc. (NYSE:HP)

Pacer Advisors Inc. lessened its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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. owned about 2.72% of Helmerich & Payne worth $81,698,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Arizona State Retirement System lifted its position in shares of Helmerich & Payne by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock worth $1,000,000 after acquiring an additional 342 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Helmerich & Payne by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 513 shares in the last quarter. KBC Group NV lifted its position in Helmerich & Payne by 20.3% in the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after purchasing an additional 529 shares during the period. Covestor Ltd boosted its stake in Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after buying an additional 643 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in Helmerich & Payne by 96.9% in the 2nd quarter. Headlands Technologies LLC now owns 1,538 shares of the oil and gas company’s stock valued at $56,000 after buying an additional 757 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

HP opened at $34.60 on Friday. The company has a fifty day moving average price of $33.73 and a two-hundred day moving average price of $35.04. The firm has a market capitalization of $3.42 billion, a PE ratio of 10.06, a P/E/G ratio of 3.97 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 company has a debt-to-equity ratio of 0.61, a quick ratio of 2.40 and a current ratio of 2.67.

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

Helmerich & Payne Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Monday, November 18th. Helmerich & Payne’s dividend payout ratio is currently 29.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HP shares. Royal Bank of Canada decreased their price objective on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a report on Friday, November 15th. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Thursday, August 29th. Citigroup cut their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday. Finally, Barclays dropped their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.57.

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.