Dean Capital Management Lowers Stock Position in Helmerich & Payne, Inc. $HP

Dean Capital Management lessened its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 28.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,159 shares of the oil and gas company’s stock after selling 52,424 shares during the quarter. Helmerich & Payne makes up 1.2% of Dean Capital Management’s holdings, making the stock its 18th biggest position. Dean Capital Management owned about 0.13% of Helmerich & Payne worth $2,964,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rothschild Investment LLC boosted its stake in shares of Helmerich & Payne by 1,377.8% during the 3rd quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 1,240 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Helmerich & Payne by 2,433.8% in 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 purchasing an additional 1,582 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Helmerich & Payne by 46.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 554 shares during the period. Hantz Financial Services Inc. raised its holdings in Helmerich & Payne by 184.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,187 shares during the period. Finally, Parallel Advisors LLC boosted its position 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 purchasing an additional 1,787 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

NYSE:HP opened at $35.71 on Monday. The stock has a 50 day moving average of $33.62 and a two-hundred day moving average of $28.19. Helmerich & Payne, Inc. has a 12 month low of $14.65 and a 12 month high of $36.73. The firm has a market cap of $3.57 billion, a P/E ratio of -11.19 and a beta of 0.54. The company has a current ratio of 2.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75.

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

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be issued a $0.25 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -31.35%.

Analysts Set New Price Targets

Several analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 price objective on shares of Helmerich & Payne in a report on Wednesday, January 14th. TD Cowen increased their target price on Helmerich & Payne from $35.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, February 9th. Barclays lifted their price target on shares of Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Piper Sandler boosted their price target on shares of Helmerich & Payne from $35.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $24.00 to $34.00 in a research report on Wednesday, December 10th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.20.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, Director Hans Helmerich sold 75,000 shares of Helmerich & Payne stock in a transaction on Friday, December 19th. The shares were sold at an average price of $28.12, for a total transaction of $2,109,000.00. Following the sale, the director owned 496,735 shares of the company’s stock, valued at $13,968,188.20. The trade was a 13.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.40% of the stock is currently owned by company insiders.

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.