Helmerich & Payne, Inc. $HP Stake Decreased by Dean Capital Management

Dean Capital Management lowered its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 16.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 120,913 shares of the oil and gas company’s stock after selling 23,282 shares during the period. Helmerich & Payne accounts for 1.8% of Dean Capital Management’s portfolio, making the stock its 2nd largest position. Dean Capital Management’s holdings in Helmerich & Payne were worth $4,356,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Helmerich & Payne by 2,433.8% in 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 acquiring an additional 1,582 shares during the last quarter. Leonteq Securities AG bought a new stake in Helmerich & Payne during the fourth quarter worth about $26,000. Parallel Advisors LLC lifted its stake 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 during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Helmerich & Payne by 24.3% in the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after purchasing an additional 445 shares in the last quarter. Finally, Strs Ohio purchased a new position in shares of Helmerich & Payne in the 1st quarter worth about $101,000. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Down 0.1%

HP opened at $35.29 on Monday. Helmerich & Payne, Inc. has a 12 month low of $15.17 and a 12 month high of $41.82. 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 business’s 50-day moving average price is $36.02 and its 200-day moving average price is $35.43. The company has a market cap of $3.53 billion, a P/E ratio of -9.31 and a beta of 0.60.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.32). Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. The company had revenue of $932.36 million for the quarter, compared to analysts’ expectations of $945.60 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s revenue was down 8.2% compared to the same quarter last year. On average, equities analysts expect that Helmerich & Payne, Inc. will post -0.11 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a $0.25 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 annualized dividend and a yield of 2.8%. Helmerich & Payne’s payout ratio is presently -26.39%.

Analysts Set New Price Targets

HP has been the topic of a number of research reports. Morgan Stanley reissued an “underweight” rating and set a $36.00 price objective on shares of Helmerich & Payne in a report on Wednesday, July 15th. Citigroup cut their target price on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Piper Sandler increased their price target on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. The Goldman Sachs Group lifted their price target on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $39.80.

About Helmerich & Payne

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.