Tcfg Wealth Management LLC Has $2.08 Million Position in Helmerich & Payne, Inc. $HP

Tcfg Wealth Management LLC grew its stake in Helmerich & Payne, Inc. (NYSE:HP) by 85.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,948 shares of the oil and gas company’s stock after buying an additional 43,412 shares during the period. Tcfg Wealth Management LLC’s holdings in Helmerich & Payne were worth $2,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HP. EverSource Wealth Advisors LLC lifted its stake in shares of 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 worth $25,000 after acquiring an additional 1,582 shares during the period. Rothschild Investment LLC raised its holdings in 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 purchasing an additional 1,240 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Helmerich & Payne by 46.5% during 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 last quarter. Hantz Financial Services Inc. lifted its position 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 purchasing an additional 1,187 shares during the period. Finally, Parallel Advisors LLC boosted its stake 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 valued at $49,000 after purchasing an additional 1,787 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Insider Activity at Helmerich & Payne

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

Helmerich & Payne Trading Up 1.8%

NYSE:HP opened at $36.24 on Thursday. The firm has a fifty day simple moving average of $33.90 and a two-hundred day simple moving average of $28.45. Helmerich & Payne, Inc. has a 12 month low of $14.65 and a 12 month high of $36.73. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of -11.36 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 quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $990.16 million. Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.Helmerich & Payne’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 2.8%. Helmerich & Payne’s dividend payout ratio is presently -31.35%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HP shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Monday, December 29th. Citigroup increased their price target on Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Susquehanna reissued a “positive” rating and issued a $40.00 price objective on shares of Helmerich & Payne in a research report on Friday, February 6th. Wall Street Zen downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $28.00 target price on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.20.

Helmerich & Payne Company 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.