Helmerich & Payne, Inc. (NYSE:HP) Declares $0.25 Quarterly Dividend

Helmerich & Payne, Inc. (NYSE:HP) declared a quarterly dividend on Tuesday, December 9th. Stockholders of record on Friday, February 13th will be given a dividend of 0.25 per share by the oil and gas company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, February 13th.

Helmerich & Payne has decreased its dividend by an average of 0.2%annually over the last three years. Helmerich & Payne has a dividend payout ratio of 69.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Helmerich & Payne to earn $3.13 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 31.9%.

Helmerich & Payne Stock Performance

Shares of NYSE HP traded up $0.27 during trading hours on Wednesday, hitting $30.02. 460,231 shares of the stock were exchanged, compared to its average volume of 1,879,003. The firm has a market capitalization of $2.96 billion, a P/E ratio of -18.01 and a beta of 0.56. Helmerich & Payne has a one year low of $14.65 and a one year high of $37.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.80 and a quick ratio of 1.40. The company’s 50 day moving average is $25.98 and its 200 day moving average is $20.76.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.27). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $972.79 million. Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.Helmerich & Payne’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, research analysts expect that Helmerich & Payne will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Helmerich & Payne

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of Helmerich & Payne by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,483,028 shares of the oil and gas company’s stock valued at $143,209,000 after acquiring an additional 71,168 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Helmerich & Payne by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company’s stock worth $76,741,000 after buying an additional 249,425 shares during the period. Invesco Ltd. grew its position in shares of Helmerich & Payne by 1.5% during the 3rd quarter. Invesco Ltd. now owns 3,003,086 shares of the oil and gas company’s stock worth $66,338,000 after buying an additional 43,158 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Helmerich & Payne by 4.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company’s stock valued at $47,102,000 after buying an additional 87,882 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in Helmerich & Payne by 22.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,720,505 shares of the oil and gas company’s stock worth $26,083,000 after acquiring an additional 321,004 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

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.