Landscape Capital Management L.L.C. Takes Position in Helmerich & Payne, Inc. $HP

Landscape Capital Management L.L.C. acquired a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 15,934 shares of the oil and gas company’s stock, valued at approximately $522,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in Helmerich & Payne in the second quarter valued at $513,336,000. Dimensional Fund Advisors LP raised its stake in Helmerich & Payne by 11.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock valued at $206,660,000 after buying an additional 570,500 shares in the last quarter. State Street Corp lifted its holdings in Helmerich & Payne by 0.8% during the 4th quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock worth $121,102,000 after buying an additional 33,193 shares during the last quarter. Invesco Ltd. lifted its holdings in Helmerich & Payne by 15.5% during the 4th quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock worth $99,477,000 after buying an additional 465,440 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Helmerich & Payne by 4.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company’s stock worth $47,102,000 after buying an additional 87,882 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Price Performance

Shares of HP opened at $43.63 on Monday. Helmerich & Payne, Inc. has a 1-year low of $17.98 and a 1-year high of $45.00. The stock has a market cap of $4.36 billion, a PE ratio of -30.94 and a beta of 0.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. The firm has a fifty day moving average price of $35.87 and a 200 day moving average price of $36.37.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. As a group, sell-side analysts anticipate that Helmerich & Payne, Inc. will post -0.15 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 18th. Helmerich & Payne’s payout ratio is presently -70.92%.

Analysts Set New Price Targets

HP has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Susquehanna raised their target price on Helmerich & Payne from $40.00 to $44.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. The Goldman Sachs Group boosted their target price on Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Morgan Stanley upped their price target on Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Barclays increased their price target on shares of Helmerich & Payne from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.00.

Insider Transactions at Helmerich & Payne

In related news, CAO Sara Marie Momper sold 5,054 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $44.28, for a total value of $223,791.12. Following the completion of the sale, the chief accounting officer directly owned 16,958 shares of the company’s stock, valued at $750,900.24. This represents a 22.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Cara M. Hair sold 11,149 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 136,095 shares in the company, valued at $6,024,925.65. This represents a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is owned by corporate insiders.

About Helmerich & Payne

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.