UBS Group AG Purchases 180,638 Shares of Helmerich & Payne, Inc. $HP

UBS Group AG grew its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 17.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,215,192 shares of the oil and gas company’s stock after acquiring an additional 180,638 shares during the quarter. UBS Group AG’s holdings in Helmerich & Payne were worth $34,852,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Teachers Retirement System increased its position in shares of Helmerich & Payne by 0.4% during the 3rd quarter. New York State Teachers Retirement System now owns 99,710 shares of the oil and gas company’s stock valued at $2,203,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System boosted its stake in Helmerich & Payne by 1.4% in the third quarter. Arizona State Retirement System now owns 29,418 shares of the oil and gas company’s stock worth $650,000 after buying an additional 416 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Helmerich & Payne by 21.3% during the third quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 437 shares during the last quarter. Amalgamated Bank raised its stake in shares of Helmerich & Payne by 1.7% during the third quarter. Amalgamated Bank now owns 28,813 shares of the oil and gas company’s stock worth $636,000 after acquiring an additional 475 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Helmerich & Payne by 46.5% in 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 acquiring an additional 554 shares during the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HP shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Friday, March 27th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $32.00 target price on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Barclays boosted their price target on shares of Helmerich & Payne from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday. Evercore upgraded Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price objective on the stock in a report on Friday, March 20th. Finally, Susquehanna boosted their target price on Helmerich & Payne from $42.00 to $43.00 and gave the company a “positive” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $39.10.

Insider Buying and Selling at Helmerich & Payne

In related news, SVP Cara M. Hair sold 58,771 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $36.62, for a total value of $2,152,194.02. Following the sale, the senior vice president directly owned 175,589 shares of the company’s stock, valued at $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 available through this link. Corporate insiders own 4.40% of the company’s stock.

Helmerich & Payne Stock Up 2.7%

Shares of NYSE HP opened at $37.89 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $41.68. The firm’s fifty day moving average is $35.92 and its 200 day moving average is $31.99. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -10.00 and a beta of 0.62.

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

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, May 18th. Helmerich & Payne’s dividend payout ratio is currently -31.35%.

Helmerich & Payne 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.