Helmerich & Payne, Inc. (HP) Stake Decreased by Atria Investments LLC

Atria Investments LLC lowered its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 25.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,911 shares of the oil and gas company’s stock after selling 9,657 shares during the quarter. Atria Investments LLC’s holdings in Helmerich & Payne were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Helmerich & Payne in the first quarter worth $446,000. Principal Financial Group Inc. boosted its holdings in Helmerich & Payne by 28.6% in the first quarter. Principal Financial Group Inc. now owns 297,745 shares of the oil and gas company’s stock worth $19,818,000 after purchasing an additional 66,289 shares during the period. Rampart Investment Management Company LLC boosted its holdings in Helmerich & Payne by 84.3% in the first quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 1,122 shares during the period. Allianz Asset Management GmbH boosted its holdings in Helmerich & Payne by 765.7% in the first quarter. Allianz Asset Management GmbH now owns 83,531 shares of the oil and gas company’s stock worth $5,559,000 after purchasing an additional 73,882 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Helmerich & Payne by 259.9% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 125,345 shares of the oil and gas company’s stock worth $8,343,000 after purchasing an additional 90,518 shares during the period. 92.10% of the stock is owned by institutional investors and hedge funds.

In related news, CEO John W. Lindsay sold 30,000 shares of Helmerich & Payne stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $70.00, for a total transaction of $2,100,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Chapman Paula Marshall sold 11,309 shares of Helmerich & Payne stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $65.13, for a total transaction of $736,555.17. Following the sale, the director now owns 14,874 shares in the company, valued at $968,743.62. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.

Shares of HP opened at $69.41 on Friday. Helmerich & Payne, Inc. has a 1 year low of $50.64 and a 1 year high of $75.02. The firm has a market cap of $7.49 billion, a PE ratio of -54.78 and a beta of 1.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 2.57.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Helmerich & Payne had a net margin of 19.70% and a negative return on equity of 0.37%. The firm had revenue of $648.87 million for the quarter, compared to analyst estimates of $617.06 million. During the same period last year, the firm posted ($0.25) EPS. The business’s revenue was up 30.1% compared to the same quarter last year. On average, analysts anticipate that Helmerich & Payne, Inc. will post 0.04 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Thursday, November 8th. Helmerich & Payne’s dividend payout ratio is currently -223.62%.

A number of equities analysts have commented on the stock. ValuEngine downgraded shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Cowen reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Helmerich & Payne in a report on Friday. Jefferies Financial Group raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, June 19th. B. Riley raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $83.00 in a report on Monday, September 24th. Finally, Piper Jaffray Companies set a $67.00 price target on shares of Helmerich & Payne and gave the company a “hold” rating in a report on Sunday, July 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. Helmerich & Payne has a consensus rating of “Hold” and an average target price of $72.29.

Helmerich & Payne Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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