Helmerich & Payne, Inc. (NYSE:HP) Stock Position Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 0.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 50,736 shares of the oil and gas company’s stock after selling 325 shares during the quarter. Yousif Capital Management LLC’s holdings in Helmerich & Payne were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Earnest Partners LLC boosted its holdings in Helmerich & Payne by 4.0% in the 3rd quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock valued at $123,508,000 after purchasing an additional 113,735 shares during the period. Pacer Advisors Inc. boosted its holdings in Helmerich & Payne by 130.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after purchasing an additional 1,541,987 shares during the period. Victory Capital Management Inc. boosted its holdings in Helmerich & Payne by 13,372.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock valued at $101,958,000 after purchasing an additional 2,400,414 shares during the period. Boston Trust Walden Corp boosted its holdings in Helmerich & Payne by 1.6% in the 4th quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after purchasing an additional 34,863 shares during the period. Finally, Invesco Ltd. boosted its holdings in Helmerich & Payne by 10.7% in the 3rd quarter. Invesco Ltd. now owns 1,970,140 shares of the oil and gas company’s stock valued at $83,061,000 after purchasing an additional 190,134 shares during the period. 96.05% of the stock is owned by institutional investors.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, 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 transaction of $398,580.20. Following the transaction, the senior vice president now owns 137,764 shares of the company’s stock, valued at approximately $5,540,868.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.49, for a total transaction of $647,840.00. Following the transaction, the chief financial officer now owns 144,870 shares of the company’s stock, valued at approximately $5,865,786.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, the senior vice president now directly owns 137,764 shares in the company, valued at approximately $5,540,868.08. The disclosure for this sale can be found here. 4.38% of the stock is owned by company insiders.

Helmerich & Payne Trading Down 2.8 %

Shares of Helmerich & Payne stock opened at $38.22 on Thursday. The stock has a market capitalization of $3.77 billion, a P/E ratio of 10.92, a price-to-earnings-growth 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 company has a 50-day simple moving average of $40.79 and a 200 day simple moving average of $38.63. Helmerich & Payne, Inc. has a 12-month low of $30.41 and a 12-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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The firm had revenue of $687.94 million for the quarter, compared to analyst estimates of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. Research analysts expect that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.40%. Helmerich & Payne’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HP. The Goldman Sachs Group reduced their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a report on Friday, January 12th. Susquehanna reduced their price objective on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a report on Friday, April 26th. Piper Sandler raised their price objective on shares of Helmerich & Payne from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Barclays downgraded shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.