Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 96.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,538 shares of the oil and gas company’s stock after acquiring an additional 757 shares during the quarter. Headlands Technologies LLC’s holdings in Helmerich & Payne were worth $56,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of Helmerich & Payne during the 4th quarter worth approximately $35,000. Hexagon Capital Partners LLC boosted its position in shares of Helmerich & Payne by 514.4% during the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after buying an additional 787 shares during the period. Covestor Ltd grew its stake in shares of Helmerich & Payne by 253.4% in the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 674 shares in the last quarter. Whittier Trust Co. raised its holdings in shares of 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 buying an additional 595 shares during the period. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Helmerich & Payne in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 3.5 %

HP opened at $30.89 on Tuesday. Helmerich & Payne, Inc. has a one year low of $29.46 and a one year high of $46.24. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.87 and a current ratio of 2.12. The stock has a market capitalization of $3.05 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 3.29 and a beta of 1.42. The business’s 50-day simple moving average is $34.99 and its 200-day simple moving average is $37.36.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share 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 firm had revenue of $697.70 million during the quarter, compared to analysts’ expectations of $670.78 million. During the same quarter in the prior year, the business earned $1.09 EPS. Helmerich & Payne’s quarterly revenue was down 3.6% compared to the same quarter last year. Analysts anticipate that Helmerich & Payne, Inc. will post 3.57 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company 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 annualized dividend and a yield of 3.24%. Helmerich & Payne’s dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HP shares. Bank of America dropped their target price 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 reiterated a “hold” rating on shares of Helmerich & Payne in a report on Monday, August 5th. Piper Sandler dropped their price target 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. Citigroup reduced their price objective on Helmerich & Payne from $41.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group lowered their target price on Helmerich & Payne from $38.00 to $34.00 and set a “sell” rating for the company in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average price target of $40.88.

Helmerich & Payne Company Profile

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.