American Century Companies Inc. Boosts Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

American Century Companies Inc. boosted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 38.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,862,362 shares of the oil and gas company’s stock after acquiring an additional 513,647 shares during the quarter. American Century Companies Inc. owned 1.89% of Helmerich & Payne worth $67,306,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Helmerich & Payne in the first quarter worth $33,000. Principal Securities Inc. acquired a new position in Helmerich & Payne during the 4th quarter worth $35,000. Hexagon Capital Partners LLC increased its holdings in Helmerich & Payne by 514.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 787 shares during the period. Covestor Ltd increased its holdings in Helmerich & Payne by 253.4% during the 1st quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 674 shares during the period. Finally, Whittier Trust Co. raised its position in Helmerich & Payne by 94.9% in the 1st quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 595 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Stock Down 2.5 %

Shares of NYSE HP opened at $29.85 on Monday. The stock has a market cap of $2.95 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 3.29 and a beta of 1.42. Helmerich & Payne, Inc. has a 52-week low of $29.46 and a 52-week high of $46.55. The business has a 50-day moving average price of $35.09 and a 200 day moving average price of $37.41. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.15. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The business had revenue of $697.70 million for the quarter, compared to analyst estimates of $670.78 million. During the same period last year, the firm posted $1.09 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts forecast that Helmerich & Payne, Inc. will post 3.57 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.35%. Helmerich & Payne’s dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Bank of America lowered their price objective on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Piper Sandler lowered their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Evercore ISI upgraded Helmerich & Payne to a “strong-buy” rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada upped their price objective on Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.88.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.