Helmerich & Payne, Inc. $HP Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,714 shares of the oil and gas company’s stock after acquiring an additional 928 shares during the quarter. Yousif Capital Management LLC’s holdings in Helmerich & Payne were worth $602,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Helmerich & Payne during the first quarter worth about $81,000. GAMMA Investing LLC grew its position 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 worth $83,000 after buying an additional 1,459 shares during the period. State of Wyoming grew its position 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 worth $145,000 after buying an additional 2,801 shares during the period. CWM LLC grew its position 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 worth $148,000 after buying an additional 1,555 shares during the period. Finally, Xponance Inc. grew its position in Helmerich & Payne by 7.6% during the first quarter. Xponance Inc. now owns 8,294 shares of the oil and gas company’s stock worth $217,000 after buying an additional 587 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

Shares of HP opened at $23.49 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -71.17 and a beta of 0.91. The company’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $18.78. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $37.46.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The company’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be paid a dividend of $0.25 per share. 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 4.3%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -303.03%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HP. Zacks Research upgraded shares of Helmerich & Payne to a “hold” rating in a research report on Monday, August 11th. Susquehanna lowered their target price on shares of Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating on the stock in a research report on Tuesday, July 1st. Citigroup upped their target price on shares of Helmerich & Payne from $17.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Wednesday, October 8th. Finally, Barclays set a $25.00 target price on shares of Helmerich & Payne and gave the stock an “overweight” rating in a research report on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. 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 stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $17.83, for a total transaction of $119,461.00. Following the transaction, the chief accounting officer owned 21,908 shares of the company’s stock, valued at $390,619.64. This trade represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.51% of the stock is currently owned by corporate insiders.

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.