Helmerich & Payne, Inc. $HP Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY reduced its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 14.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,725 shares of the oil and gas company’s stock after selling 17,400 shares during the quarter. Grace & White Inc. NY owned about 0.10% of Helmerich & Payne worth $3,665,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Leonteq Securities AG acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its stake in Helmerich & Payne by 2,433.8% during the second 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. Parallel Advisors LLC grew its holdings in Helmerich & Payne by 407.1% during the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after acquiring an additional 1,787 shares during the period. Hantz Financial Services Inc. grew its holdings in Helmerich & Payne by 24.3% during the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 445 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Helmerich & Payne by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,735 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 1,248 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Trading Down 0.9%

Shares of NYSE HP opened at $33.70 on Friday. Helmerich & Payne, Inc. has a 12 month low of $15.08 and a 12 month high of $41.82. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -8.89 and a beta of 0.59. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $37.95 and a 200-day simple moving average of $34.77.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.32). The company had revenue of $932.36 million during the quarter, compared to analysts’ expectations of $945.60 million. Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. Sell-side analysts predict that Helmerich & Payne, Inc. will post -0.02 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -26.39%.

Analyst Ratings Changes

HP has been the subject of a number of research analyst reports. Barclays upped their price target on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Morgan Stanley boosted their target price on shares of Helmerich & Payne from $35.00 to $39.00 and gave the stock an “underweight” rating in a report on Thursday, May 14th. Piper Sandler increased their target price on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Royal Bank Of Canada increased their target price on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, Susquehanna raised their target price on shares of Helmerich & Payne from $42.00 to $43.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.60.

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.