Fisher Asset Management LLC Sells 91,008 Shares of Helmerich & Payne, Inc. $HP

Fisher Asset Management LLC cut its position in Helmerich & Payne, Inc. (NYSE:HP) by 4.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,760,541 shares of the oil and gas company’s stock after selling 91,008 shares during the period. Fisher Asset Management LLC owned approximately 1.77% of Helmerich & Payne worth $26,690,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position 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 acquiring an additional 925 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Helmerich & Payne during the 2nd quarter valued at $64,000. SBI Securities Co. Ltd. increased its holdings in shares of Helmerich & Payne by 27.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 1,063 shares in the last quarter. Quarry LP bought a new stake in shares of Helmerich & Payne in the 1st quarter worth $81,000. Finally, EMC Capital Management purchased a new position in shares of Helmerich & Payne in the second quarter worth $110,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

HP has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Helmerich & Payne from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Cowen reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Wednesday, November 26th. Zacks Research upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Monday, August 11th. Barclays increased their price objective on shares of Helmerich & Payne from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, TD Cowen raised their target price on shares of Helmerich & Payne from $27.00 to $33.00 and gave the stock a “hold” rating in a report on Wednesday, November 26th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.70.

Helmerich & Payne Stock Performance

Shares of NYSE HP opened at $29.01 on Wednesday. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $37.30. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -87.91 and a beta of 0.56. The company has a current ratio of 1.84, a quick ratio of 1.43 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $25.22 and a 200 day moving average of $20.27.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.27). Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $972.79 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. The firm’s revenue was up 45.8% on a year-over-year basis. On average, research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, November 18th. Helmerich & Payne’s payout ratio is currently -59.88%.

Helmerich & Payne 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.