Helmerich & Payne, Inc. $HP Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 61.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,958 shares of the oil and gas company’s stock after acquiring an additional 44,906 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.12% of Helmerich & Payne worth $2,606,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in HP. EverSource Wealth Advisors LLC increased its position in Helmerich & Payne by 2,433.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock worth $25,000 after buying an additional 1,582 shares during the period. MassMutual Private Wealth & Trust FSB raised 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 buying an additional 554 shares during the last quarter. Hantz Financial Services Inc. raised its holdings 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 buying an additional 1,187 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Helmerich & Payne by 21.3% during the third quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the oil and gas company’s stock worth $55,000 after buying an additional 437 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Helmerich & Payne in the 2nd quarter valued at about $64,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Helmerich & Payne news, Director Hans Helmerich sold 75,000 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $28.12, for a total value of $2,109,000.00. Following the sale, the director directly owned 496,735 shares of the company’s stock, valued at approximately $13,968,188.20. This trade represents a 13.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

HP has been the subject of several recent analyst reports. Evercore raised their target price on shares of Helmerich & Payne from $20.00 to $27.00 and gave the stock an “in-line” rating in a research note on Wednesday, November 19th. Susquehanna reissued a “positive” rating and issued a $40.00 target price on shares of Helmerich & Payne in a report on Friday, February 6th. Royal Bank Of Canada upped their price target on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a report on Monday, December 29th. Finally, Piper Sandler boosted their price target on Helmerich & Payne from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Four 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’s stock. According to MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus target price of $35.36.

Helmerich & Payne Stock Up 0.9%

HP opened at $33.15 on Friday. The firm has a market cap of $3.31 billion, a P/E ratio of -10.39 and a beta of 0.57. The business’s fifty day simple moving average is $31.28 and its 200 day simple moving average is $25.71. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $36.73. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75.

Helmerich & Payne (NYSE:HP) last announced its earnings results 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). The firm 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 company’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently announced 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 yield of 3.0%. Helmerich & Payne’s dividend payout ratio is -31.35%.

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.