Yousif Capital Management LLC Has $1.01 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Yousif Capital Management LLC lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 3.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,786 shares of the oil and gas company’s stock after purchasing an additional 1,413 shares during the period. Yousif Capital Management LLC’s holdings in Helmerich & Payne were worth $1,013,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of HP. Harbor Capital Advisors Inc. lifted its holdings in Helmerich & Payne by 10,355.9% in the first quarter. Harbor Capital Advisors Inc. now owns 29,381 shares of the oil and gas company’s stock valued at $767,000 after buying an additional 29,100 shares during the period. Farther Finance Advisors LLC lifted its holdings in Helmerich & Payne by 101.6% in the first quarter. Farther Finance Advisors LLC now owns 12,892 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 6,496 shares during the period. Park Avenue Securities LLC lifted its holdings in Helmerich & Payne by 21.5% in the first quarter. Park Avenue Securities LLC now owns 7,925 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 1,400 shares during the period. Lmcg Investments LLC lifted its holdings in Helmerich & Payne by 0.8% in the first quarter. Lmcg Investments LLC now owns 120,164 shares of the oil and gas company’s stock valued at $3,139,000 after buying an additional 931 shares during the period. Finally, Profit Investment Management LLC lifted its holdings in Helmerich & Payne by 6.9% in the first quarter. Profit Investment Management LLC now owns 81,762 shares of the oil and gas company’s stock valued at $2,136,000 after buying an additional 5,301 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 3.9%

NYSE:HP opened at $17.39 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.32. The firm has a 50-day moving average of $18.11 and a 200-day moving average of $25.46. The company has a market cap of $1.73 billion, a PE ratio of 7.94 and a beta of 0.83. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $42.60.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS 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 8.25% and a net margin of 7.15%. The company’s revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. As a group, equities research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date is Friday, August 15th. Helmerich & Payne’s payout ratio is 45.66%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Wall Street Zen lowered shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Morgan Stanley dropped their target price on shares of Helmerich & Payne from $27.00 to $20.00 and set an “underweight” rating on the stock in a report on Friday, May 16th. Citigroup reiterated a “neutral” rating and set a $19.00 price objective (down previously from $25.00) on shares of Helmerich & Payne in a report on Monday, May 19th. Finally, TD Cowen dropped their price objective on shares of Helmerich & Payne from $28.00 to $26.00 and set a “hold” rating on the stock in a report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and a consensus price target of $27.73.

Helmerich & Payne Company 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.