Cary Street Partners Financial LLC Acquires 20,291 Shares of Helmerich & Payne, Inc. $HP

Cary Street Partners Financial LLC raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 113.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,178 shares of the oil and gas company’s stock after purchasing an additional 20,291 shares during the period. Cary Street Partners Financial LLC’s holdings in Helmerich & Payne were worth $579,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HP. EverSource Wealth Advisors LLC increased its position in Helmerich & Payne by 2,433.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 1,582 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Helmerich & Payne by 29.2% in the second quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 925 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Helmerich & Payne in the second quarter worth $64,000. SBI Securities Co. Ltd. increased its holdings in shares of Helmerich & Payne by 27.4% during the second quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Helmerich & Payne in the 1st quarter worth about $81,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Up 2.3%

HP opened at $30.43 on Thursday. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of -18.22 and a beta of 0.56. The firm has a 50 day moving average price of $26.12 and a 200-day moving average price of $20.83. Helmerich & Payne, Inc. has a twelve month low of $14.65 and a twelve month high of $37.30. The company has a quick ratio of 1.40, a current ratio of 1.80 and a debt-to-equity ratio of 0.73.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Monday, November 17th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.27). The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $972.79 million. Helmerich & Payne had a positive return on equity of 3.21% and a negative net margin of 4.37%.The company’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. Equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.00 annualized dividend and a dividend yield of 3.3%. Helmerich & Payne’s payout ratio is presently -59.88%.

Analysts Set New Price Targets

Several analysts recently commented on HP shares. Evercore ISI increased their price objective on shares of Helmerich & Payne from $20.00 to $27.00 and gave the company an “in-line” rating in a research report on Wednesday, November 19th. Wall Street Zen downgraded shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Morgan Stanley raised their price target on shares of Helmerich & Payne from $20.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, November 25th. Piper Sandler boosted their price objective on shares of Helmerich & Payne from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Finally, Citigroup upped their price objective on Helmerich & Payne from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Helmerich & Payne presently has an average rating of “Hold” and a consensus target price of $28.40.

Helmerich & Payne Company 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.