Private Advisory Group LLC Takes $1.41 Million Position in Helmerich & Payne, Inc. $HP

Private Advisory Group LLC purchased a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 49,057 shares of the oil and gas company’s stock, valued at approximately $1,407,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Helmerich & Payne by 4.4% in the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after acquiring an additional 4,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Helmerich & Payne by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock valued at $1,531,000 after purchasing an additional 3,611 shares during the last quarter. NewEdge Advisors LLC raised its position in Helmerich & Payne by 39,685.1% in the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock worth $904,000 after purchasing an additional 34,526 shares during the period. Empowered Funds LLC lifted its stake in Helmerich & Payne by 9.9% in the first quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock worth $247,000 after purchasing an additional 852 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Helmerich & Payne by 34.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company’s stock valued at $5,575,000 after buying an additional 54,758 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 58,771 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the transaction, the senior vice president directly owned 175,589 shares in the company, valued at approximately $6,430,069.18. This trade represents a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HP shares. Royal Bank Of Canada increased their price target on Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. JPMorgan Chase & Co. upgraded Helmerich & Payne from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $34.00 in a research report on Wednesday, December 10th. Morgan Stanley reissued an “underweight” rating and set a $28.00 target price on shares of Helmerich & Payne in a research note on Wednesday, January 21st. TD Cowen upped their price target on shares of Helmerich & Payne from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Finally, Citigroup raised their price target on shares of Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.80.

Helmerich & Payne Trading Down 0.2%

HP opened at $36.06 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75. The stock’s fifty day moving average is $34.61 and its two-hundred day moving average is $29.30. The company has a market capitalization of $3.60 billion, a P/E ratio of -11.31 and a beta of 0.54. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $37.87.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results 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 firm 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 quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 2.8%. Helmerich & Payne’s payout ratio is currently -31.35%.

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.