Squarepoint Ops LLC Grows Stake in Helmerich & Payne, Inc. $HP

Squarepoint Ops LLC boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,145 shares of the oil and gas company’s stock after purchasing an additional 13,160 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Helmerich & Payne worth $4,490,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. William B. Walkup & Associates Inc. boosted its stake in Helmerich & Payne by 1.0% in the 1st quarter. William B. Walkup & Associates Inc. now owns 35,241 shares of the oil and gas company’s stock worth $1,270,000 after purchasing an additional 355 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Helmerich & Payne by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 400 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Helmerich & Payne by 24.3% in the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after buying an additional 445 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Helmerich & Payne by 2.6% in the fourth quarter. Cerity Partners LLC now owns 19,339 shares of the oil and gas company’s stock worth $555,000 after buying an additional 498 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Helmerich & Payne by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 18,838 shares of the oil and gas company’s stock worth $540,000 after acquiring an additional 572 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HP has been the topic of several research analyst reports. Piper Sandler boosted their price target on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Wall Street Zen raised Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Royal Bank Of Canada boosted their target price on Helmerich & Payne from $44.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Thursday. Citigroup increased their price target on Helmerich & Payne from $36.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, September 4th. Finally, Susquehanna raised their price target on Helmerich & Payne from $40.00 to $44.00 and gave the company a “positive” rating in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $43.10.

Helmerich & Payne Stock Down 0.9%

Shares of NYSE HP opened at $44.16 on Friday. The firm’s 50-day moving average price is $38.84 and its 200-day moving average price is $37.32. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -31.32 and a beta of 0.66. Helmerich & Payne, Inc. has a 12-month low of $20.32 and a 12-month high of $48.17.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the prior year, the business posted $0.22 EPS. The company’s revenue was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Helmerich & Payne

In related news, CAO Sara Momper sold 5,054 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the sale, the chief accounting officer owned 16,958 shares in the company, valued at approximately $750,900.24. This represents a 22.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Cara M. Hair sold 11,149 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $44.27, for a total value of $493,566.23. Following the completion of the sale, the senior vice president owned 136,095 shares of the company’s stock, valued at approximately $6,024,925.65. This represents a 7.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 110,673 shares of company stock worth $4,864,590. 4.40% of the stock is currently owned by company insiders.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and gas exploration and production companies. The company operates drilling rigs and supplies related services used to drill, develop and maintain wells.

H&P’s offerings include its FlexRig fleet of high-performance land rigs, directional drilling, automated drilling technologies and rig management services. These capabilities are designed to support horizontal and other complex well programs, particularly in unconventional oil and natural gas basins.

Founded in 1920 by Walter Helmerich and William Payne, the company is headquartered in Tulsa, Oklahoma.