Fisher Asset Management LLC Sells 54,418 Shares of Helmerich & Payne, Inc. $HP

Fisher Asset Management LLC reduced its position in Helmerich & Payne, Inc. (NYSE:HP) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,706,123 shares of the oil and gas company’s stock after selling 54,418 shares during the quarter. Fisher Asset Management LLC owned 1.72% of Helmerich & Payne worth $37,688,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System lifted its position in Helmerich & Payne by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 99,710 shares of the oil and gas company’s stock worth $2,203,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Helmerich & Payne by 1.4% during the third quarter. Arizona State Retirement System now owns 29,418 shares of the oil and gas company’s stock worth $650,000 after acquiring an additional 416 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Helmerich & Payne by 21.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the oil and gas company’s stock worth $55,000 after acquiring an additional 437 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Helmerich & Payne by 1.7% in the 3rd quarter. Amalgamated Bank now owns 28,813 shares of the oil and gas company’s stock worth $636,000 after acquiring an additional 475 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Helmerich & Payne by 46.5% in the 3rd 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 in the last quarter. 96.05% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $28.12, for a total value of $2,109,000.00. Following the completion of the transaction, the director directly owned 496,735 shares in the company, valued at approximately $13,968,188.20. This represents a 13.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HP. Susquehanna reiterated a “positive” rating and issued a $40.00 target price on shares of Helmerich & Payne in a research report on Friday, February 6th. Morgan Stanley reaffirmed an “underweight” rating and set a $28.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Citigroup boosted their target price on Helmerich & Payne from $33.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Evercore set a $37.00 target price on Helmerich & Payne in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded Helmerich & Payne from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $24.00 to $34.00 in a research report on Wednesday, December 10th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.20.

Helmerich & Payne Stock Down 3.2%

NYSE HP opened at $33.97 on Wednesday. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $36.73. The stock has a market capitalization of $3.39 billion, a PE ratio of -10.65 and a beta of 0.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58. The business’s 50-day moving average is $32.68 and its 200 day moving average is $27.28.

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

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.25 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.00 annualized dividend and a yield of 2.9%. Helmerich & Payne’s payout ratio is -31.35%.

Helmerich & Payne Profile

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.