Cara M. Hair Sells 9,910 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara M. Hair sold 9,910 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the sale, the senior vice president now owns 137,764 shares of the company’s stock, valued at approximately $5,540,868.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Helmerich & Payne Price Performance

Shares of NYSE HP opened at $38.22 on Thursday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The stock’s 50-day simple moving average is $40.79 and its two-hundred day simple moving average is $38.63. Helmerich & Payne, Inc. has a twelve month low of $30.41 and a twelve month high of $46.55.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The business had revenue of $687.94 million during the quarter, compared to the consensus estimate of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. Helmerich & Payne’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 earnings per share. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.59 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 4.40%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.57%.

Hedge Funds Weigh In On Helmerich & Payne

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Helmerich & Payne by 48.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,533 shares of the oil and gas company’s stock valued at $443,000 after purchasing an additional 3,416 shares during the last quarter. Norden Group LLC bought a new position in shares of Helmerich & Payne during the 1st quarter valued at about $291,000. Caprock Group LLC bought a new position in shares of Helmerich & Payne during the 1st quarter valued at about $206,000. Lindbrook Capital LLC increased its position in shares of Helmerich & Payne by 26.4% during the 1st quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 355 shares during the last quarter. Finally, Greylin Investment Management Inc boosted its holdings in Helmerich & Payne by 79.7% during the 1st quarter. Greylin Investment Management Inc now owns 28,346 shares of the oil and gas company’s stock valued at $1,192,000 after acquiring an additional 12,569 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on HP. Citigroup boosted their price objective on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Barclays cut Helmerich & Payne from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $44.00 to $40.00 in a research report on Wednesday, January 10th. The Goldman Sachs Group dropped their price target on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a research report on Friday, January 12th. Piper Sandler boosted their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada boosted their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.63.

About Helmerich & Payne

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.