Creative Planning Boosts Position in Helmerich & Payne, Inc. (NYSE:HP)

Creative Planning boosted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 33.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,882 shares of the oil and gas company’s stock after acquiring an additional 5,196 shares during the quarter. Creative Planning’s holdings in Helmerich & Payne were worth $755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ridgewood Investments LLC increased its position in Helmerich & Payne by 2.5% during the first quarter. Ridgewood Investments LLC now owns 12,852 shares of the oil and gas company’s stock valued at $541,000 after acquiring an additional 308 shares during the last quarter. Arizona State Retirement System grew its holdings in Helmerich & Payne by 1.3% during the second quarter. Arizona State Retirement System now owns 27,667 shares of the oil and gas company’s stock valued at $1,000,000 after purchasing an additional 342 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in Helmerich & Payne by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 22,002 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 513 shares during the period. GAMMA Investing LLC grew its holdings in Helmerich & Payne by 29.2% during the first quarter. GAMMA Investing LLC now owns 2,618 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 592 shares during the period. Finally, Whittier Trust Co. grew its holdings in Helmerich & Payne by 94.9% during the first 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 during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of Helmerich & Payne stock opened at $36.43 on Friday. The stock has a 50 day moving average of $32.76 and a 200 day moving average of $36.41. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.80. The firm has a market cap of $3.60 billion, a PE ratio of 10.41, a PEG ratio of 3.80 and a beta of 1.42. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The business had revenue of $697.70 million for the quarter, compared to the consensus estimate of $670.78 million. During the same period in the prior year, the business posted $1.09 earnings per share. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, research analysts expect that Helmerich & Payne, Inc. will post 3.48 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.74%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.57%.

Wall Street Analysts Forecast Growth

HP has been the subject of several recent research reports. Piper Sandler cut their price target on Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, July 15th. Bank of America cut their price target on Helmerich & Payne from $42.50 to $40.00 and set a “buy” rating for the company in a report on Monday, July 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Monday, August 5th. The Goldman Sachs Group dropped their price objective 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. 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 note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.88.

Helmerich & Payne 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.