Segall Bryant & Hamill LLC Decreases Holdings in Helmerich & Payne, Inc. $HP

Segall Bryant & Hamill LLC lessened its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 8.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 571,144 shares of the oil and gas company’s stock after selling 55,055 shares during the quarter. Segall Bryant & Hamill LLC owned 0.57% of Helmerich & Payne worth $12,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HP. Royal Bank of Canada grew its position in shares of Helmerich & Payne by 4.4% during the 1st quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after acquiring an additional 4,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Helmerich & Payne by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock worth $1,531,000 after purchasing an additional 3,611 shares during the period. NewEdge Advisors LLC raised its position in shares of Helmerich & Payne by 39,685.1% during the 1st quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock valued at $904,000 after purchasing an additional 34,526 shares during the period. Empowered Funds LLC increased its stake in 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 buying an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Helmerich & Payne by 34.5% in the first 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 period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of NYSE:HP opened at $33.97 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. The firm has a market cap of $3.39 billion, a PE ratio of -10.65 and a beta of 0.54. The firm’s 50 day simple moving average is $32.68 and its 200-day simple moving average is $27.28. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $36.73.

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

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -31.35%.

Insider Transactions at Helmerich & Payne

In other news, Director Hans Helmerich sold 75,000 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $28.12, for a total value of $2,109,000.00. Following the completion of the transaction, 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 SEC, which is accessible through this link. Company insiders own 4.40% of the company’s stock.

Analyst Ratings Changes

HP has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $32.00 price target on shares of Helmerich & Payne in a research report on Wednesday, January 14th. Barclays upped their target price on shares of Helmerich & Payne from $36.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Wall Street Zen downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $28.00 target price on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $36.20.

Helmerich & Payne Profile

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.