Helmerich & Payne, Inc. $HP Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC lessened its position in Helmerich & Payne, Inc. (NYSE:HP) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,842 shares of the oil and gas company’s stock after selling 48,513 shares during the period. NFJ Investment Group LLC’s holdings in Helmerich & Payne were worth $9,575,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Leonteq Securities AG acquired a new stake in shares of Helmerich & Payne in the 4th quarter worth about $26,000. Rothschild Investment LLC increased its holdings in shares of Helmerich & Payne by 1,377.8% in 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 during the period. EverSource Wealth Advisors LLC increased its holdings 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 worth $25,000 after acquiring an additional 1,582 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of 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 acquiring an additional 1,187 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Helmerich & Payne by 407.1% in the 3rd 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. Institutional investors and hedge funds own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HP shares. The Goldman Sachs Group increased their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Barclays raised their target price on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised 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. Susquehanna raised their target price on shares of Helmerich & Payne from $42.00 to $43.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Finally, Evercore raised shares of Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 target price on the stock in a research note on Friday, March 20th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $40.60.

Helmerich & Payne Stock Up 0.1%

Helmerich & Payne stock opened at $39.24 on Friday. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -10.35 and a beta of 0.59. The company has a current ratio of 1.71, a quick ratio of 1.32 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $37.94 and its two-hundred day moving average price is $34.32. Helmerich & Payne, Inc. has a 52 week low of $15.08 and a 52 week high of $41.82.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The company had revenue of $932.36 million for the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS. On average, analysts expect that Helmerich & Payne, Inc. will post -0.02 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Helmerich & Payne’s payout ratio is currently -26.39%.

Insider Activity

In other news, SVP Cara M. Hair sold 58,771 shares of Helmerich & Payne stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $36.62, for a total value of $2,152,194.02. Following the transaction, the senior vice president owned 175,589 shares of the company’s stock, valued at $6,430,069.18. The trade was a 25.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 4.40% of the stock is owned by corporate 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.