Helmerich & Payne, Inc. $HP Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in Helmerich & Payne, Inc. (NYSE:HP) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 50,178 shares of the oil and gas company’s stock after selling 1,432 shares during the quarter. US Bancorp DE owned 0.05% of Helmerich & Payne worth $761,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HP. GAMMA Investing LLC boosted its stake in Helmerich & Payne by 29.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 925 shares during the last quarter. Quarry LP purchased a new stake in Helmerich & Payne during the first quarter worth about $81,000. State of Wyoming increased its stake in shares of 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 worth $145,000 after buying an additional 2,801 shares during the period. CWM LLC increased its stake in shares of Helmerich & Payne by 37.8% during the first quarter. CWM LLC now owns 5,671 shares of the oil and gas company’s stock worth $148,000 after buying an additional 1,555 shares during the period. Finally, Abel Hall LLC purchased a new position in Helmerich & Payne in the second quarter valued at approximately $163,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada increased their price objective on Helmerich & Payne from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. TD Cowen lifted their price objective on Helmerich & Payne from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, August 19th. The Goldman Sachs Group lifted their price objective on Helmerich & Payne from $18.00 to $20.00 and gave the company a “sell” rating in a research note on Monday, October 6th. Citigroup boosted their price target on Helmerich & Payne from $17.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $24.20.

Insiders Place Their Bets

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $17.83, for a total value of $119,461.00. Following the transaction, the chief accounting officer directly owned 21,908 shares of the company’s stock, valued at $390,619.64. This represents a 23.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.51% of the stock is currently owned by insiders.

Helmerich & Payne Trading Up 0.0%

Shares of Helmerich & Payne stock opened at $23.13 on Friday. The business has a fifty day simple moving average of $20.88 and a 200-day simple moving average of $18.72. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -70.09 and a beta of 0.91. The company has a quick ratio of 1.43, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. Helmerich & Payne, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $37.46.

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

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne’s payout ratio is presently -303.03%.

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.