Dean Capital Management Reduces Position in Helmerich & Payne, Inc. $HP

Dean Capital Management decreased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 28.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,159 shares of the oil and gas company’s stock after selling 52,424 shares during the period. Helmerich & Payne makes up approximately 1.2% of Dean Capital Management’s investment portfolio, making the stock its 18th largest position. Dean Capital Management’s holdings in Helmerich & Payne were worth $2,964,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Royal Bank of Canada increased its holdings in shares of Helmerich & Payne by 4.4% in the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after purchasing an additional 4,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Helmerich & Payne by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock valued at $1,531,000 after buying an additional 3,611 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Helmerich & Payne by 39,685.1% in the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock valued at $904,000 after buying an additional 34,526 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Helmerich & Payne by 9.9% in the 1st quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 852 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Helmerich & Payne by 34.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company’s stock worth $5,575,000 after acquiring an additional 54,758 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Hans Helmerich sold 75,000 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $28.12, for a total value of $2,109,000.00. Following the sale, the director directly owned 496,735 shares of the company’s stock, valued at approximately $13,968,188.20. The trade was a 13.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock opened at $35.71 on Monday. The firm has a market cap of $3.57 billion, a PE ratio of -11.19 and a beta of 0.54. The company has a quick ratio of 1.58, a current ratio of 2.03 and a debt-to-equity ratio of 0.75. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $36.73. The business’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $28.19.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $990.16 million. Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 earnings per share. Equities analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -31.35%.

Analyst Ratings Changes

HP has been the topic of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $32.00 price target on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Susquehanna restated a “positive” rating and set a $40.00 price objective on shares of Helmerich & Payne in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Monday, December 29th. Evercore set a $37.00 target price on shares of Helmerich & Payne in a report on Friday, February 6th. Finally, Royal Bank Of Canada increased their price target on shares of Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.20.

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.