Helmerich & Payne, Inc. (NYSE:HP) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 60.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,034 shares of the oil and gas company’s stock after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Helmerich & Payne were worth $44,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in shares of Helmerich & Payne by 11.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,628,274 shares of the oil and gas company’s stock valued at $198,000,000 after acquiring an additional 470,605 shares in the last quarter. State Street Corp lifted its position in shares of Helmerich & Payne by 6.7% in the 1st quarter. State Street Corp now owns 4,281,289 shares of the oil and gas company’s stock valued at $183,154,000 after acquiring an additional 267,025 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Helmerich & Payne by 0.7% in the 1st quarter. Van ECK Associates Corp now owns 4,135,321 shares of the oil and gas company’s stock valued at $176,909,000 after acquiring an additional 27,828 shares in the last quarter. Northern Trust Corp lifted its position in shares of Helmerich & Payne by 2.0% in the 1st quarter. Northern Trust Corp now owns 1,511,827 shares of the oil and gas company’s stock valued at $64,676,000 after acquiring an additional 29,406 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Helmerich & Payne by 41.4% in the 1st quarter. Principal Financial Group Inc. now owns 1,427,650 shares of the oil and gas company’s stock valued at $61,075,000 after acquiring an additional 417,731 shares in the last quarter. 94.61% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

Shares of HP opened at $52.21 on Monday. The company’s fifty day moving average is $44.09 and its 200-day moving average is $44.38. 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 $5.50 billion, a price-to-earnings ratio of -47.04 and a beta of 1.75. 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. Helmerich & Payne’s dividend payout ratio (DPR) is -90.09%.

Analyst Ratings Changes

Several equities research analysts recently commented on HP shares. StockNews.com started coverage on shares of Helmerich & Payne in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Piper Sandler reiterated an “overweight” rating and issued a $59.00 target price on shares of Helmerich & Payne in a research report on Friday, October 7th. Barclays increased their target price on shares of Helmerich & Payne to $58.00 in a research report on Tuesday, August 9th. Finally, Morgan Stanley upgraded shares of Helmerich & Payne from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $48.00 to $55.00 in a research report on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.67.

Insider Transactions at Helmerich & Payne

In related news, SVP Raymond John Adams III sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $47.50, for a total value of $71,250.00. Following the transaction, the senior vice president now directly owns 52,935 shares in the company, valued at approximately $2,514,412.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP John R. Bell sold 4,314 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $50.00, for a total value of $215,700.00. Following the transaction, the senior vice president now directly owns 117,395 shares in the company, valued at approximately $5,869,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Raymond John Adams III sold 1,500 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $47.50, for a total transaction of $71,250.00. Following the completion of the transaction, the senior vice president now owns 52,935 shares in the company, valued at $2,514,412.50. The disclosure for this sale can be found here. 4.35% of the stock is currently owned by company insiders.

About Helmerich & Payne

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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.

See Also

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

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