Versor Investments LP cut its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP – Free Report) by 32.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,181 shares of the oil and gas company’s stock after selling 3,900 shares during the quarter. Versor Investments LP’s holdings in Helmerich & Payne were worth $296,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Principal Securities Inc. acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Helmerich & Payne by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 910,432 shares of the oil and gas company’s stock worth $32,976,000 after buying an additional 21,490 shares in the last quarter. LSV Asset Management grew its position in Helmerich & Payne by 11,750.0% during the fourth quarter. LSV Asset Management now owns 568,800 shares of the oil and gas company’s stock worth $20,602,000 after buying an additional 564,000 shares in the last quarter. M&T Bank Corp grew its stake in Helmerich & Payne by 5.7% during the fourth quarter. M&T Bank Corp now owns 8,510 shares of the oil and gas company’s stock worth $308,000 after buying an additional 457 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Helmerich & Payne by 8.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company’s stock valued at $95,211,000 after purchasing an additional 210,321 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.
Helmerich & Payne Stock Up 0.7 %
Helmerich & Payne stock opened at $39.02 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 1.87 and a beta of 1.51. Helmerich & Payne, Inc. has a 1-year low of $30.69 and a 1-year high of $46.55. The firm has a 50 day simple moving average of $40.81 and a 200 day simple moving average of $38.41.
Helmerich & Payne (NYSE:HP – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). The business had revenue of $687.94 million for the quarter, compared to analysts’ expectations of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. On average, analysts predict that Helmerich & Payne, Inc. will post 3.56 earnings per share for the current year.
Helmerich & Payne Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.31%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 28.57%.
Analysts Set New Price Targets
HP has been the subject of a number of recent research reports. Citigroup upped their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Piper Sandler decreased their target price on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Susquehanna lowered their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, April 26th. Finally, Royal Bank of Canada lifted their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $42.00.
Get Our Latest Stock Analysis on Helmerich & Payne
Insider Buying and Selling
In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now directly owns 137,764 shares in the company, valued at $5,540,868.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the transaction, the chief financial officer now owns 144,870 shares in the company, valued at approximately $5,865,786.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the transaction, the senior vice president now owns 137,764 shares in the company, valued at $5,540,868.08. The disclosure for this sale can be found here. 4.38% of the stock is owned by insiders.
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.
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