Helmerich & Payne, Inc. (NYSE:HP) Shares Acquired by LSV Asset Management

LSV Asset Management lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 37.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 784,139 shares of the oil and gas company’s stock after buying an additional 215,339 shares during the period. LSV Asset Management owned 0.79% of Helmerich & Payne worth $32,981,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HP. Comerica Bank bought a new position in Helmerich & Payne in the 3rd quarter worth about $4,294,000. American Century Companies Inc. boosted its holdings in shares of Helmerich & Payne by 78.1% in the third quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company’s stock valued at $21,460,000 after acquiring an additional 223,171 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Helmerich & Payne by 38.6% in the third quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company’s stock valued at $37,861,000 after acquiring an additional 250,130 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Helmerich & Payne by 6.1% in the fourth quarter. Fulton Bank N.A. now owns 9,770 shares of the oil and gas company’s stock valued at $354,000 after acquiring an additional 566 shares in the last quarter. Finally, DMC Group LLC lifted its stake in Helmerich & Payne by 36.0% during the fourth quarter. DMC Group LLC now owns 8,246 shares of the oil and gas company’s stock valued at $299,000 after purchasing an additional 2,181 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HP. Piper Sandler cut their target price on shares of Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 6th. Citigroup upped their price target on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Susquehanna reduced their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, April 26th. Finally, Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and an average price target of $42.29.

Insider Transactions at Helmerich & Payne

In related news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Smith sold 16,000 shares of the firm’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 completion of the sale, the chief financial officer now owns 144,870 shares in the company, valued at $5,865,786.30. The disclosure for this sale can be found here. 4.38% of the stock is currently owned by company insiders.

Helmerich & Payne Stock Up 1.1 %

HP stock traded up $0.42 during midday trading on Friday, reaching $37.61. The company had a trading volume of 956,162 shares, compared to its average volume of 1,215,644. Helmerich & Payne, Inc. has a 1 year low of $32.17 and a 1 year high of $46.55. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.71 billion, a P/E ratio of 10.63, a PEG ratio of 4.00 and a beta of 1.47. The company has a 50 day moving average of $36.36 and a two-hundred day moving average of $37.92.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The business had revenue of $687.94 million for the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the company earned $1.26 EPS. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. On average, equities research analysts expect that Helmerich & Payne, Inc. will post 3.46 earnings per share for the current fiscal year.

Helmerich & Payne Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.66%. Helmerich & Payne’s dividend payout ratio (DPR) is 28.57%.

Helmerich & Payne Profile

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.