Hara Capital LLC Decreases Stock Position in Helmerich & Payne, Inc. $HP

Hara Capital LLC cut its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 32.8% in the 4th quarter, HoldingsChannel reports. The fund owned 33,031 shares of the oil and gas company’s stock after selling 16,092 shares during the quarter. Hara Capital LLC’s holdings in Helmerich & Payne were worth $947,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Helmerich & Payne by 2,433.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 1,582 shares during the period. Rothschild Investment LLC boosted its stake in shares of Helmerich & Payne by 1,377.8% during the third quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 1,240 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Helmerich & Payne by 46.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,745 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 554 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Helmerich & Payne by 184.3% in the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Helmerich & Payne by 407.1% in the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,787 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Insider Transactions at Helmerich & Payne

In related news, SVP Cara M. Hair sold 58,771 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $36.62, for a total value of $2,152,194.02. Following the completion of the transaction, the senior vice president directly owned 175,589 shares of the company’s stock, valued at $6,430,069.18. This represents a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.40% of the stock is currently owned by insiders.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $36.01 on Wednesday. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of -11.29 and a beta of 0.54. The stock has a fifty day moving average of $34.76 and a 200 day moving average of $29.51. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $37.87. 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 (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). Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $990.16 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. As a group, research analysts expect 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. Investors 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 annualized dividend and a dividend yield of 2.8%. Helmerich & Payne’s payout ratio is currently -31.35%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HP shares. JPMorgan Chase & Co. raised shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and increased their price target for the company from $24.00 to $34.00 in a research report on Wednesday, December 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Friday. Morgan Stanley reaffirmed an “underweight” rating and set a $28.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their target price on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Finally, Citigroup raised their target price on Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of “Hold” and an average target price of $36.80.

Helmerich & Payne Company 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.