Envestnet Asset Management Inc. Sells 46,462 Shares of Helmerich & Payne, Inc. $HP

Envestnet Asset Management Inc. decreased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 12.7% in the 3rd quarter, Holdings Channel reports. The fund owned 318,804 shares of the oil and gas company’s stock after selling 46,462 shares during the period. Envestnet Asset Management Inc.’s holdings in Helmerich & Payne were worth $7,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System grew its holdings in shares of Helmerich & Payne by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 99,710 shares of the oil and gas company’s stock valued at $2,203,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System lifted its stake in Helmerich & Payne by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 29,418 shares of the oil and gas company’s stock valued at $650,000 after purchasing an additional 416 shares during the last quarter. Amalgamated Bank boosted its position in Helmerich & Payne by 1.7% in the third quarter. Amalgamated Bank now owns 28,813 shares of the oil and gas company’s stock valued at $636,000 after buying an additional 475 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Helmerich & Payne by 46.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock worth $39,000 after buying an additional 554 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of Helmerich & Payne by 4.5% during the second quarter. Teacher Retirement System of Texas now owns 15,088 shares of the oil and gas company’s stock worth $229,000 after buying an additional 651 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HP. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a report on Monday, December 29th. Wall Street Zen downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. TD Cowen lifted their price target on Helmerich & Payne from $35.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, February 9th. Evercore set a $37.00 price target on Helmerich & Payne in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $24.00 to $34.00 in a report on Wednesday, December 10th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell 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 $36.20.

Key Helmerich & Payne News

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Zacks raised FY2028 EPS notably (to $1.47 from $1.27) and lifted several later-quarter estimates, implying improving medium‑term margin/revenue expectations for HP. (These upgrades can support a higher valuation if execution follows.)
• Positive Sentiment: Helmerich & Payne’s joint venture won a major offshore operations & maintenance contract in the Caspian Sea — a revenue/backlog positive that diversifies activity beyond U.S. land drilling and could boost utilization. Article Title
• Neutral Sentiment: Zacks published a slate of quarter-level forecasts (Q2–Q4 2026, Q2–Q3 2027, Q1 2028) that provide more detail on expected seasonality; several short-term quarters are modestly positive but the revisions are small and mixed overall.
• Negative Sentiment: Zacks cut FY2026 EPS (to $0.10) and lowered Q1‑2027 and Q4‑2027 estimates — weakening near‑term profitability expectations and likely contributing to selling pressure.
• Negative Sentiment: A Seeking Alpha piece argued it’s “not time to dive in quite yet,” highlighting caution around valuation, cycle timing, and near‑term earnings uncertainty; such published bearish views can influence retail/institutional sentiment. Article Title
• Negative Sentiment: Recent reported quarterly results (Feb. 4) included an EPS miss and a negative net margin, reminders of execution/earnings volatility that keep investor caution elevated despite revenue growth year‑over‑year.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $35.63 on Friday. The stock’s 50 day moving average is $31.74 and its 200 day moving average is $26.28. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $36.73. The firm has a market cap of $3.56 billion, a P/E ratio of -11.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.27). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $990.16 million. Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced 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 is Friday, February 13th. This represents a $1.00 annualized dividend and a yield of 2.8%. Helmerich & Payne’s payout ratio is presently -31.35%.

Insider Buying and Selling

In other Helmerich & Payne news, Director Hans Helmerich sold 75,000 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $28.12, for a total transaction of $2,109,000.00. Following the completion of the sale, the director directly owned 496,735 shares in the company, valued at approximately $13,968,188.20. This trade represents a 13.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.40% of the company’s stock.

Helmerich & Payne Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.