Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in Helmerich & Payne, Inc. (NYSE:HPFree Report) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,181 shares of the oil and gas company’s stock after selling 3,900 shares during the period. Versor Investments LP’s holdings in Helmerich & Payne were worth $296,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in Helmerich & Payne during the fourth quarter worth $35,000. GAMMA Investing LLC acquired a new stake in shares of Helmerich & Payne during the 4th quarter worth approximately $73,000. LSV Asset Management purchased a new stake in Helmerich & Payne in the third quarter valued at $202,000. AlphaMark Advisors LLC lifted its position in Helmerich & Payne by 5.8% in the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $230,000 after buying an additional 346 shares during the last quarter. Finally, Cottage Street Advisors LLC acquired a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $236,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Helmerich & Payne

In related news, SVP Cara M. Hair sold 9,910 shares of Helmerich & Payne stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total transaction of $398,580.20. Following the completion of the transaction, the senior vice president now directly owns 137,764 shares in the company, valued at approximately $5,540,868.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Cara M. Hair sold 9,910 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 137,764 shares of the company’s stock, valued at $5,540,868.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark W. Smith sold 16,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.49, for a total value of $647,840.00. Following the sale, the chief financial officer now owns 144,870 shares in the company, valued at approximately $5,865,786.30. The disclosure for this sale can be found here. 4.38% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HP. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, April 25th. Citigroup boosted their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Royal Bank of Canada upped their target price on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Susquehanna cut their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, April 26th. Finally, Piper Sandler dropped their price objective on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.00.

Check Out Our Latest Research Report on HP

Helmerich & Payne Stock Performance

NYSE HP opened at $39.02 on Wednesday. The business’s 50-day moving average price is $40.81 and its 200 day moving average price is $38.41. Helmerich & Payne, Inc. has a 52-week low of $30.69 and a 52-week high of $46.55. The firm has a market cap of $3.85 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.87 and a beta of 1.51. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HPGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The business had revenue of $687.94 million during the quarter, compared to analysts’ expectations of $682.51 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. Helmerich & Payne’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. On average, equities research analysts expect that Helmerich & Payne, Inc. will post 3.56 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a yield of 4.31%. Helmerich & Payne’s payout ratio is currently 28.57%.

Helmerich & Payne Profile

(Free Report)

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.

Further Reading

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

Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.