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KBC Group NV lessened its position in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 9.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,843 shares of the oil and gas company’s stock after selling 1,210 shares during the period. KBC Group NV’s holdings in Helmerich & Payne were worth $507,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HP. Janney Montgomery Scott LLC raised its stake in Helmerich & Payne by 53.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,272 shares of the oil and gas company’s stock worth $480,000 after buying an additional 7,087 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Helmerich & Payne by 10.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,946 shares of the oil and gas company’s stock worth $946,000 after purchasing an additional 3,615 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Helmerich & Payne by 4.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 113,802 shares of the oil and gas company’s stock worth $2,697,000 after purchasing an additional 5,232 shares during the period. CWM LLC acquired a new stake in Helmerich & Payne in the fourth quarter worth $73,000. Finally, Quadrant Capital Group LLC grew its holdings in Helmerich & Payne by 510.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,771 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 1,481 shares during the period. Institutional investors own 88.62% of the company’s stock.

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Insider Buying and Selling

In related news, SVP Raymond John Adams III sold 1,500 shares of the business’s stock in a transaction dated Friday, June 24th. The shares were sold at an average price of $40.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now directly owns 54,399 shares in the company, valued at $2,175,960. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on HP shares. Barclays raised their price target on shares of Helmerich & Payne to $58.00 in a report on Tuesday. Morgan Stanley raised their price target on shares of Helmerich & Payne from $45.00 to $48.00 and gave the stock an “underweight” rating in a report on Monday, August 1st. Susquehanna raised their price target on shares of Helmerich & Payne from $55.00 to $62.00 in a report on Wednesday, June 8th. Susquehanna Bancshares raised their price target on shares of Helmerich & Payne from $55.00 to $62.00 and gave the stock a “positive” rating in a report on Wednesday, June 8th. Finally, Piper Sandler raised their price target on shares of Helmerich & Payne from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.22.

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Helmerich & Payne Stock Up 1.3 %

Shares of NYSE HP opened at $41.43 on Wednesday. Helmerich & Payne, Inc. has a 1 year low of $20.93 and a 1 year high of $54.59. The stock has a market capitalization of $4.36 billion, a P/E ratio of -37.32 and a beta of 1.70. The company has a 50-day moving average price of $43.47 and a 200-day moving average price of $42.01. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.36 and a quick ratio of 2.14.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date is Tuesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -90.09%.

Helmerich & Payne Company Profile

(Get Rating)

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.

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

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