Stephens Inc. AR Sells 416 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Stephens Inc. AR lessened its stake in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 4.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,080 shares of the oil and gas company’s stock after selling 416 shares during the quarter. Stephens Inc. AR’s holdings in Helmerich & Payne were worth $431,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its position in Helmerich & Payne by 29.2% during the first quarter. Lindbrook Capital LLC now owns 1,044 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 236 shares during the period. AdvisorNet Financial Inc increased its holdings in Helmerich & Payne by 90.2% in the 1st quarter. AdvisorNet Financial Inc now owns 677 shares of the oil and gas company’s stock worth $29,000 after buying an additional 321 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in Helmerich & Payne by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 14,742 shares of the oil and gas company’s stock worth $349,000 after buying an additional 353 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Helmerich & Payne by 3.4% during the 1st quarter. Kestra Advisory Services LLC now owns 13,389 shares of the oil and gas company’s stock valued at $573,000 after purchasing an additional 437 shares during the period. Finally, Maryland State Retirement & Pension System grew its stake in shares of Helmerich & Payne by 1.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 43,015 shares of the oil and gas company’s stock valued at $1,019,000 after purchasing an additional 560 shares during the period. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Helmerich & Payne Trading Down 3.9 %

Shares of NYSE HP opened at $42.96 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.36 and a quick ratio of 2.14. The stock has a market capitalization of $4.52 billion, a P/E ratio of -38.70 and a beta of 1.70. Helmerich & Payne, Inc. has a 1-year low of $20.93 and a 1-year high of $54.59. The business has a fifty day moving average price of $44.34 and a 200 day moving average price of $41.59.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Wednesday, August 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, August 16th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -90.09%.

Insider Buying and Selling

In related news, SVP Raymond John Adams III sold 1,500 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $40.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 54,399 shares in the company, valued at approximately $2,175,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.35% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup lifted their price objective on Helmerich & Payne from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, July 6th. Barclays lifted their price objective on Helmerich & Payne from $52.00 to $58.00 and gave the stock a “maintains” rating in a research note on Monday. Benchmark initiated coverage on Helmerich & Payne in a research note on Monday, April 11th. They issued a “buy” rating and a $53.00 price objective on the stock. Morgan Stanley boosted their target price on Helmerich & Payne from $45.00 to $48.00 and gave the company an “underweight” rating in a research report on Monday. Finally, Piper Sandler boosted their target price on Helmerich & Payne from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Wednesday, June 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.22.

Helmerich & Payne Profile

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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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