Wealth Enhancement Advisory Services LLC Purchases Shares of 7,731 Helmerich & Payne, Inc. (NYSE:HP)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,731 shares of the oil and gas company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in Helmerich & Payne during the fourth quarter valued at $27,000. Covestor Ltd raised its holdings in Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company’s stock worth $76,000 after buying an additional 907 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Helmerich & Payne by 82.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock valued at $88,000 after purchasing an additional 1,268 shares during the period. Sterling Capital Management LLC grew its stake in shares of Helmerich & Payne by 817.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company’s stock valued at $98,000 after buying an additional 2,714 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Helmerich & Payne by 120.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,533 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,932 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HP. Morgan Stanley cut their price target on Helmerich & Payne from $27.00 to $20.00 and set an “underweight” rating for the company in a report on Friday, May 16th. Citigroup reiterated a “neutral” rating and issued a $19.00 price target (down previously from $25.00) on shares of Helmerich & Payne in a report on Monday, May 19th. Wall Street Zen lowered Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group dropped their target price on Helmerich & Payne from $32.00 to $25.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Finally, TD Cowen cut their target price on Helmerich & Payne from $28.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and a consensus target price of $27.73.

Helmerich & Payne Stock Up 1.7%

HP stock opened at $18.30 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The business’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $25.69. Helmerich & Payne, Inc. has a 1-year low of $14.65 and a 1-year high of $42.60. The firm has a market capitalization of $1.82 billion, a PE ratio of 6.02, a PEG ratio of 3.52 and a beta of 0.83.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.63). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Helmerich & Payne’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.47%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 45.66%.

Helmerich & Payne Profile

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.