Royal Bank of Canada Has $1.49 Million Stock Holdings in Helmerich & Payne, Inc. $HP

Royal Bank of Canada decreased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 35.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 41,243 shares of the oil and gas company’s stock after selling 22,721 shares during the period. Royal Bank of Canada’s holdings in Helmerich & Payne were worth $1,486,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. William B. Walkup & Associates Inc. boosted its stake in Helmerich & Payne by 1.0% in the first quarter. William B. Walkup & Associates Inc. now owns 35,241 shares of the oil and gas company’s stock valued at $1,270,000 after buying an additional 355 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Helmerich & Payne by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock valued at $653,000 after acquiring an additional 400 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Helmerich & Payne by 24.3% during the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 445 shares in the last quarter. Cerity Partners LLC raised its stake in Helmerich & Payne by 2.6% during the fourth quarter. Cerity Partners LLC now owns 19,339 shares of the oil and gas company’s stock worth $555,000 after acquiring an additional 498 shares in the last quarter. Finally, KLCM Advisors Inc. lifted its holdings in shares of Helmerich & Payne by 5.5% in the fourth quarter. KLCM Advisors Inc. now owns 10,550 shares of the oil and gas company’s stock worth $303,000 after acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

HP stock opened at $43.77 on Thursday. The company has a fifty day moving average price of $35.69 and a 200-day moving average price of $36.23. The company has a market capitalization of $4.37 billion, a P/E ratio of -31.04 and a beta of 0.61. Helmerich & Payne, Inc. has a 52-week low of $17.35 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. As a group, equities analysts expect that Helmerich & Payne, Inc. will post -0.12 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $1.00 annualized dividend and a yield of 2.3%. Helmerich & Payne’s payout ratio is presently -70.92%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara M. Hair sold 11,149 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $44.27, for a total value of $493,566.23. Following the sale, the senior vice president owned 136,095 shares in the company, valued at approximately $6,024,925.65. The trade was a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Sara Marie Momper sold 5,054 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $44.28, for a total value of $223,791.12. Following the completion of the sale, the chief accounting officer directly owned 16,958 shares of the company’s stock, valued at approximately $750,900.24. The trade was a 22.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HP shares. Weiss Ratings raised shares of Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. The Goldman Sachs Group increased their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Citigroup cut their target price on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 29th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $36.00 target price on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.50.

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.