Raymond John Adams III Sells 1,500 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HPGet Rating) SVP Raymond John Adams III sold 1,500 shares of Helmerich & Payne stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $47.50, for a total value of $71,250.00. Following the sale, the senior vice president now owns 52,935 shares of the company’s stock, valued at $2,514,412.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Raymond John Adams III also recently made the following trade(s):

  • On Friday, June 24th, Raymond John Adams III sold 1,500 shares of Helmerich & Payne stock. The shares were sold at an average price of $40.00, for a total value of $60,000.00.

Helmerich & Payne Stock Down 3.2 %

Shares of HP stock opened at $42.72 on Friday. Helmerich & Payne, Inc. has a 12 month low of $20.93 and a 12 month high of $54.59. The firm has a market cap of $4.50 billion, a PE ratio of -38.49 and a beta of 1.69. The stock has a 50 day moving average of $42.84 and a 200-day moving average of $44.18. The company has a quick ratio of 2.14, a current ratio of 2.36 and a debt-to-equity ratio of 0.20.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -90.09%.

Analysts Set New Price Targets

HP has been the subject of several research reports. Susquehanna Bancshares lifted their price target on Helmerich & Payne from $55.00 to $62.00 and gave the company a “positive” rating in a report on Wednesday, June 8th. Citigroup boosted their target price on Helmerich & Payne from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, July 6th. Morgan Stanley boosted their target price on Helmerich & Payne from $45.00 to $48.00 and gave the stock an “underweight” rating in a report on Monday, August 1st. Piper Sandler boosted their target price on Helmerich & Payne from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Wednesday, June 1st. Finally, Susquehanna boosted their target price on Helmerich & Payne from $55.00 to $62.00 in a report on Wednesday, June 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.22.

Institutional Trading of Helmerich & Payne

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp increased its holdings in Helmerich & Payne by 2.9% in the 4th quarter. State Street Corp now owns 4,014,264 shares of the oil and gas company’s stock valued at $95,138,000 after buying an additional 114,270 shares during the period. Qube Research & Technologies Ltd bought a new stake in Helmerich & Payne in the 1st quarter valued at $4,566,000. Canada Pension Plan Investment Board bought a new stake in Helmerich & Payne in the 4th quarter valued at $6,304,000. Envestnet Asset Management Inc. increased its holdings in Helmerich & Payne by 13.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 61,577 shares of the oil and gas company’s stock valued at $2,634,000 after buying an additional 7,136 shares during the period. Finally, Commerce Bank bought a new stake in Helmerich & Payne in the 1st quarter valued at $336,000. 94.61% of the stock is currently owned by institutional investors.

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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