Gendell Jeffrey L Purchases 125,671 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Gendell Jeffrey L grew its position in Helmerich & Payne, Inc. (NYSE:HPFree Report) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 405,776 shares of the oil and gas company’s stock after acquiring an additional 125,671 shares during the period. Helmerich & Payne accounts for 0.8% of Gendell Jeffrey L’s portfolio, making the stock its 17th largest holding. Gendell Jeffrey L owned about 0.41% of Helmerich & Payne worth $14,697,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Jump Financial LLC acquired a new stake in Helmerich & Payne during the 4th quarter worth $3,561,000. BNP Paribas Financial Markets grew its holdings in shares of Helmerich & Payne by 61.2% in the 4th quarter. BNP Paribas Financial Markets now owns 331,343 shares of the oil and gas company’s stock valued at $12,001,000 after buying an additional 125,768 shares during the period. Alberta Investment Management Corp acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at $1,206,000. Global Alpha Capital Management Ltd. grew its holdings in shares of Helmerich & Payne by 51.6% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 559,491 shares of the oil and gas company’s stock valued at $23,588,000 after buying an additional 190,400 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Helmerich & Payne by 8.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company’s stock valued at $95,211,000 after acquiring an additional 210,321 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

HP has been the topic of several research reports. Citigroup boosted their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Susquehanna cut their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, April 26th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Finally, Piper Sandler dropped their target price on shares of Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.00.

Get Our Latest Stock Analysis on HP

Helmerich & Payne Stock Down 3.3 %

Shares of NYSE HP traded down $1.17 during mid-day trading on Thursday, reaching $34.06. 592,242 shares of the company’s stock traded hands, compared to its average volume of 1,201,259. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 1.92. Helmerich & Payne, Inc. has a 1-year low of $32.17 and a 1-year high of $46.55. The stock has a market cap of $3.36 billion, a P/E ratio of 9.78, a PEG ratio of 3.92 and a beta of 1.47. The business has a 50-day simple moving average of $39.24 and a 200 day simple moving average of $38.17.

Helmerich & Payne (NYSE:HPGet Free Report) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The business had revenue of $687.94 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter in the prior year, the company earned $1.26 EPS. The company’s revenue was down 10.6% on a year-over-year basis. On average, analysts expect that Helmerich & Payne, Inc. will post 3.46 EPS for the current fiscal year.

Helmerich & Payne Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Friday, August 16th. Helmerich & Payne’s dividend payout ratio is currently 28.57%.

Insider Activity

In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the transaction, the chief financial officer now directly owns 144,870 shares of the company’s stock, valued at approximately $5,865,786.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the sale, the chief financial officer now directly owns 144,870 shares of the company’s stock, valued at $5,865,786.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cara M. Hair sold 9,910 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.22, for a total transaction of $398,580.20. Following the transaction, the senior vice president now directly owns 137,764 shares of the company’s stock, valued at $5,540,868.08. The disclosure for this sale can be found here. Insiders own 4.38% of the company’s stock.

About Helmerich & Payne

(Free Report)

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.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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