Helmerich & Payne, Inc. (HP) Shares Sold by Mariner Wealth Advisors LLC
Mariner Wealth Advisors LLC lessened its position in Helmerich & Payne, Inc. (NYSE:HP) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,783 shares of the oil and gas company’s stock after selling 1,306 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Helmerich & Payne were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $172,000. Ffcm LLC lifted its stake in shares of Helmerich & Payne by 409.2% in the 2nd quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 2,308 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $209,000. AlphaMark Advisors LLC lifted its stake in shares of Helmerich & Payne by 3.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 101 shares during the period. Finally, Meridian Wealth Management LLC purchased a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $236,000.
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In other news, CEO John W. Lindsay bought 5,000 shares of Helmerich & Payne stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the purchase, the chief executive officer now directly owns 147,727 shares of the company’s stock, valued at approximately $7,051,009.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.90% of the company’s stock.
Shares of Helmerich & Payne, Inc. (NYSE HP) opened at 51.01 on Friday. The company has a 50 day moving average price of $46.08 and a 200 day moving average price of $56.06. Helmerich & Payne, Inc. has a one year low of $42.16 and a one year high of $85.78. The company’s market cap is $5.54 billion.
Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, July 27th. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The company had revenue of $498.60 million during the quarter, compared to analyst estimates of $452.42 million. Helmerich & Payne had a negative return on equity of 3.37% and a negative net margin of 11.19%. The firm’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.20) EPS. Equities analysts predict that Helmerich & Payne, Inc. will post ($1.30) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be paid a $0.70 dividend. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a yield of 5.49%. Helmerich & Payne’s dividend payout ratio (DPR) is -167.66%.
A number of research analysts have issued reports on HP shares. BMO Capital Markets reiterated a “sell” rating and set a $54.00 price objective on shares of Helmerich & Payne in a research note on Thursday, June 22nd. UBS AG reiterated a “buy” rating and set a $60.00 price objective (down previously from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and set a $66.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, September 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $65.00 price objective on shares of Helmerich & Payne in a research note on Thursday, July 20th. Finally, Morgan Stanley cut Helmerich & Payne from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $85.00 to $56.00 in a research note on Wednesday, June 21st. Eight analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.32.
Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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