Envestnet Asset Management Inc. Has $7.04 Million Holdings in Helmerich & Payne, Inc. $HP

Envestnet Asset Management Inc. trimmed its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,804 shares of the oil and gas company’s stock after selling 46,462 shares during the period. Envestnet Asset Management Inc. owned 0.32% of Helmerich & Payne worth $7,042,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HP. EverSource Wealth Advisors LLC raised its stake in Helmerich & Payne by 2,433.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,582 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Helmerich & Payne by 46.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 554 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Helmerich & Payne by 184.3% in the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 1,187 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Helmerich & Payne during the 2nd quarter worth about $64,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of 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 worth $75,000 after buying an additional 1,063 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Performance

HP opened at $35.63 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $36.73. The firm has a market cap of $3.56 billion, a P/E ratio of -11.17 and a beta of 0.57. The business’s fifty day moving average is $31.74 and its 200-day moving average is $26.28.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. Sell-side analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -31.35%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, Director Hans Helmerich sold 75,000 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $28.12, for a total transaction of $2,109,000.00. Following the completion of the sale, the director directly owned 496,735 shares in the company, valued at $13,968,188.20. This represents a 13.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HP shares. JPMorgan Chase & Co. raised shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and increased their price target for the company from $24.00 to $34.00 in a report on Wednesday, December 10th. Piper Sandler upped their target price on Helmerich & Payne from $35.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. Citigroup lifted their price target on Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Evercore set a $37.00 price target on Helmerich & Payne in a research note on Friday, February 6th. Finally, Barclays upped their price objective on Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.20.

Helmerich & Payne News Summary

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Zacks raised FY2028 EPS notably (to $1.47 from $1.27) and lifted several later-quarter estimates, implying improving medium‑term margin/revenue expectations for HP. (These upgrades can support a higher valuation if execution follows.)
• Positive Sentiment: Helmerich & Payne’s joint venture won a major offshore operations & maintenance contract in the Caspian Sea — a revenue/backlog positive that diversifies activity beyond U.S. land drilling and could boost utilization. Article Title
• Neutral Sentiment: Zacks published a slate of quarter-level forecasts (Q2–Q4 2026, Q2–Q3 2027, Q1 2028) that provide more detail on expected seasonality; several short-term quarters are modestly positive but the revisions are small and mixed overall.
• Negative Sentiment: Zacks cut FY2026 EPS (to $0.10) and lowered Q1‑2027 and Q4‑2027 estimates — weakening near‑term profitability expectations and likely contributing to selling pressure.
• Negative Sentiment: A Seeking Alpha piece argued it’s “not time to dive in quite yet,” highlighting caution around valuation, cycle timing, and near‑term earnings uncertainty; such published bearish views can influence retail/institutional sentiment. Article Title
• Negative Sentiment: Recent reported quarterly results (Feb. 4) included an EPS miss and a negative net margin, reminders of execution/earnings volatility that keep investor caution elevated despite revenue growth year‑over‑year.

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.