Stephens Inc. AR reduced its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,736 shares of the oil and gas company’s stock after selling 1,114 shares during the period. Stephens Inc. AR’s holdings in Helmerich & Payne were worth $823,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of HP. Alps Advisors Inc. bought a new position in shares of Helmerich & Payne in the fourth quarter worth approximately $53,727,000. Aperio Group LLC grew its holdings in shares of Helmerich & Payne by 4.3% in the fourth quarter. Aperio Group LLC now owns 111,793 shares of the oil and gas company’s stock worth $7,226,000 after purchasing an additional 4,576 shares during the last quarter. Goodman Financial Corp grew its holdings in shares of Helmerich & Payne by 6.6% in the fourth quarter. Goodman Financial Corp now owns 75,935 shares of the oil and gas company’s stock worth $4,908,000 after purchasing an additional 4,695 shares during the last quarter. Kovack Advisors Inc. bought a new position in shares of Helmerich & Payne in the fourth quarter worth approximately $330,000. Finally, Sumitomo Life Insurance Co. grew its holdings in shares of Helmerich & Payne by 65.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 24,391 shares of the oil and gas company’s stock worth $1,577,000 after purchasing an additional 9,655 shares during the last quarter.
In other news, Director Chapman Paula Marshall sold 2,555 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $57.80, for a total transaction of $147,679.00. Following the completion of the transaction, the director now directly owns 12,525 shares in the company, valued at $723,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.10% of the stock is owned by company insiders.
Helmerich & Payne, Inc. (NYSE HP) opened at $63.62 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.28 and a quick ratio of 2.89. Helmerich & Payne, Inc. has a 52-week low of $42.16 and a 52-week high of $75.02.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. The business had revenue of $564.10 million during the quarter, compared to analyst estimates of $547.64 million. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The company’s revenue for the quarter was up 53.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.33) earnings per share. sell-side analysts anticipate that Helmerich & Payne, Inc. will post -0.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a dividend of $0.70 per share. The ex-dividend date is Friday, February 9th. This represents a $2.80 annualized dividend and a dividend yield of 4.40%. Helmerich & Payne’s payout ratio is presently 76.09%.
Several brokerages have recently issued reports on HP. B. Riley restated a “neutral” rating on shares of Helmerich & Payne in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Thursday. Argus raised their target price on shares of Helmerich & Payne from $65.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Sanford C. Bernstein cut shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a report on Monday, January 29th. Finally, Societe Generale upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, January 29th. Seven investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $57.68.
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Helmerich & Payne Company Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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