American Century Companies Inc. Has $76.74 Million Stake in Helmerich & Payne, Inc. $HP

American Century Companies Inc. increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,474,036 shares of the oil and gas company’s stock after purchasing an additional 249,425 shares during the quarter. American Century Companies Inc. owned approximately 3.49% of Helmerich & Payne worth $76,741,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Helmerich & Payne by 9.5% in the second quarter. Invesco Ltd. now owns 2,959,928 shares of the oil and gas company’s stock valued at $44,873,000 after purchasing an additional 255,794 shares during the period. Balyasny Asset Management L.P. grew its stake in Helmerich & Payne by 174.1% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company’s stock valued at $30,993,000 after buying an additional 1,298,510 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Helmerich & Payne by 22.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,720,505 shares of the oil and gas company’s stock worth $26,083,000 after acquiring an additional 321,004 shares during the period. Fairfax Financial Holdings Ltd. Can lifted its position in Helmerich & Payne by 25.8% during the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 974,105 shares of the oil and gas company’s stock worth $14,767,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Helmerich & Payne by 0.5% during the second quarter. Bank of America Corp DE now owns 834,797 shares of the oil and gas company’s stock valued at $12,656,000 after acquiring an additional 4,324 shares during the period. Institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HP shares. Royal Bank Of Canada lifted their price objective on Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised Helmerich & Payne from a “neutral” rating to an “overweight” rating and raised their target price for the company from $24.00 to $34.00 in a report on Wednesday, December 10th. Morgan Stanley reaffirmed an “underweight” rating and issued a $28.00 price target on shares of Helmerich & Payne in a research report on Wednesday, January 21st. Evercore set a $37.00 price target on Helmerich & Payne in a report on Friday, February 6th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $32.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.20.

Helmerich & Payne Price Performance

Shares of HP stock opened at $33.97 on Wednesday. The stock has a 50 day moving average of $32.68 and a two-hundred day moving average of $27.28. The company has a current ratio of 2.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. Helmerich & Payne, Inc. has a 12 month low of $14.65 and a 12 month high of $36.73. The company has a market capitalization of $3.39 billion, a P/E ratio of -10.65 and a beta of 0.54.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The business’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

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

Insider Activity at Helmerich & Payne

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

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.