AQR Capital Management LLC Boosts Stock Position in Helmerich & Payne, Inc. $HP

AQR Capital Management LLC grew its position in Helmerich & Payne, Inc. (NYSE:HP) by 147.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 254,119 shares of the oil and gas company’s stock after purchasing an additional 151,413 shares during the period. AQR Capital Management LLC owned approximately 0.26% of Helmerich & Payne worth $6,638,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Helmerich & Payne by 3.3% in the first quarter. Principal Financial Group Inc. now owns 494,813 shares of the oil and gas company’s stock valued at $12,925,000 after buying an additional 15,990 shares during the last quarter. Grace & White Inc. NY boosted its holdings in shares of Helmerich & Payne by 40.8% in the 1st quarter. Grace & White Inc. NY now owns 113,342 shares of the oil and gas company’s stock valued at $2,960,000 after acquiring an additional 32,856 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Helmerich & Payne by 26.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 468,757 shares of the oil and gas company’s stock valued at $12,422,000 after acquiring an additional 97,388 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Helmerich & Payne by 85.4% during the first quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company’s stock worth $83,000 after purchasing an additional 1,459 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Helmerich & Payne by 25.6% during the fourth quarter. Janus Henderson Group PLC now owns 93,720 shares of the oil and gas company’s stock valued at $3,001,000 after purchasing an additional 19,130 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 0.2%

Shares of NYSE:HP opened at $20.90 on Friday. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $37.46. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -63.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. The business’s 50 day moving average price is $17.76 and its 200-day moving average price is $19.36.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The firm’s revenue was up 49.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 4.8%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -303.03%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $17.83, for a total transaction of $119,461.00. Following the completion of the sale, the chief accounting officer directly owned 21,908 shares in the company, valued at approximately $390,619.64. The trade was a 23.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.51% of the company’s stock.

Analyst Upgrades and Downgrades

HP has been the subject of several analyst reports. Susquehanna decreased their price objective on Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating for the company in a report on Tuesday, July 1st. Morgan Stanley decreased 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. Zacks Research upgraded Helmerich & Payne to a “hold” rating in a research report on Monday, August 11th. Royal Bank Of Canada raised their price objective on shares of Helmerich & Payne from $23.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $22.20.

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.