Hsbc Holdings PLC Has $3.24 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Hsbc Holdings PLC grew its stake in Helmerich & Payne, Inc. (NYSE:HPFree Report) by 39.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,944 shares of the oil and gas company’s stock after buying an additional 25,360 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Helmerich & Payne worth $3,235,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HP. Pacer Advisors Inc. grew its stake in Helmerich & Payne by 130.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after buying an additional 1,541,987 shares during the last quarter. ARGA Investment Management LP grew its position in shares of Helmerich & Payne by 497.3% in the fourth quarter. ARGA Investment Management LP now owns 887,116 shares of the oil and gas company’s stock valued at $32,131,000 after purchasing an additional 738,594 shares during the last quarter. LSV Asset Management increased its stake in shares of Helmerich & Payne by 11,750.0% in the fourth quarter. LSV Asset Management now owns 568,800 shares of the oil and gas company’s stock worth $20,602,000 after purchasing an additional 564,000 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Helmerich & Payne during the 4th quarter worth about $15,367,000. Finally, Wellington Management Group LLP boosted its stake in Helmerich & Payne by 38.6% during the 3rd quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company’s stock valued at $37,861,000 after purchasing an additional 250,130 shares during the period. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

NYSE HP opened at $35.29 on Thursday. The stock has a market cap of $3.48 billion, a P/E ratio of 10.08, a PEG ratio of 3.98 and a beta of 1.47. 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, Inc. has a twelve month low of $31.92 and a twelve month high of $46.55. The company’s 50-day simple moving average is $39.93 and its 200 day simple moving average is $38.25.

Helmerich & Payne (NYSE:HPGet Free Report) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The company had revenue of $687.94 million during the quarter, compared to analyst estimates of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, research analysts forecast that Helmerich & Payne, Inc. will post 3.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Cara M. Hair sold 9,910 shares of Helmerich & Payne stock in a transaction dated Monday, April 29th. The shares were 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 of the company’s stock, 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 Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the transaction, the chief financial officer now directly owns 144,870 shares of the company’s stock, valued at $5,865,786.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of the business’s 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 owns 137,764 shares of the company’s stock, valued at approximately $5,540,868.08. The disclosure for this sale can be found here. Corporate insiders own 4.38% of the company’s stock.

Analysts Set New Price Targets

HP has been the subject of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, April 25th. Citigroup upped their target price on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Susquehanna decreased 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 report on Friday, April 26th. Finally, Piper Sandler dropped their price objective on shares of 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 given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $42.00.

Read Our Latest Report on Helmerich & Payne

About Helmerich & Payne

(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.

Featured Articles

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.