73,052 Shares in Helmerich & Payne, Inc. $HP Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 73,052 shares of the oil and gas company’s stock, valued at approximately $1,107,000. Advisors Asset Management Inc. owned approximately 0.07% of Helmerich & Payne at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HP. GAMMA Investing LLC grew its holdings in shares of Helmerich & Payne by 29.2% during the second quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 925 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Helmerich & Payne during the 2nd quarter valued at about $64,000. SBI Securities Co. Ltd. boosted its stake in Helmerich & Payne by 27.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 1,063 shares during the last quarter. Quarry LP bought a new stake in Helmerich & Payne during the 1st quarter worth approximately $81,000. Finally, EMC Capital Management purchased a new stake in shares of Helmerich & Payne in the second quarter worth approximately $110,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HP shares. Royal Bank Of Canada lifted their target price on Helmerich & Payne from $27.00 to $29.00 and gave the company a “sector perform” rating in a research report on Thursday, November 20th. Piper Sandler raised their price objective on Helmerich & Payne from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. TD Cowen upped their target price on shares of Helmerich & Payne from $27.00 to $33.00 and gave the stock a “hold” rating in a research note on Wednesday, November 26th. Wall Street Zen downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Finally, Barclays boosted their price target on shares of Helmerich & Payne from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.70.

Helmerich & Payne Trading Up 0.6%

NYSE HP opened at $27.90 on Monday. The business’s fifty day moving average is $24.93 and its 200-day moving average is $20.12. 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 stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of -84.55 and a beta of 0.94. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $37.30.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.27). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $972.79 million. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The business’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Equities research 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. Investors of record on Tuesday, November 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne’s payout ratio is -59.88%.

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.