Harbor Capital Advisors Inc. Has $404,000 Stock Position in Helmerich & Payne, Inc. $HP

Harbor Capital Advisors Inc. decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,682 shares of the oil and gas company’s stock after selling 2,699 shares during the period. Harbor Capital Advisors Inc.’s holdings in Helmerich & Payne were worth $404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HP. Versant Capital Management Inc raised its holdings in Helmerich & Payne by 104.2% during the first quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 867 shares in the last quarter. Quarry LP bought a new position in Helmerich & Payne during the first quarter valued at about $81,000. GAMMA Investing LLC raised its holdings in 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 valued at $83,000 after buying an additional 1,459 shares in the last quarter. State of Wyoming raised its holdings in Helmerich & Payne by 102.2% during the first quarter. State of Wyoming now owns 5,543 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 2,801 shares in the last quarter. Finally, CWM LLC raised its holdings in Helmerich & Payne by 37.8% during the first quarter. CWM LLC now owns 5,671 shares of the oil and gas company’s stock valued at $148,000 after buying an additional 1,555 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 21,908 shares in the company, valued at approximately $390,619.64. This represents a 23.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.51% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock opened at $20.57 on Friday. The firm has a fifty day moving average of $18.27 and a two-hundred day moving average of $19.15. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -62.33 and a beta of 0.95. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $37.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84.

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

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, November 18th. Helmerich & Payne’s dividend payout ratio is -303.03%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HP. Royal Bank Of Canada raised their target price on Helmerich & Payne from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Piper Sandler raised their target price on Helmerich & Payne from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. The Goldman Sachs Group cut their target price on Helmerich & Payne from $25.00 to $17.00 and set a “sell” rating on the stock in a report on Tuesday, June 24th. TD Cowen raised their target price on Helmerich & Payne from $26.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, August 19th. Finally, Citigroup reiterated a “neutral” rating and issued a $17.00 price objective (down from $19.00) on shares of Helmerich & Payne in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne currently has a consensus rating of “Reduce” and an average target price of $22.20.

About Helmerich & Payne

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.