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

Segall Bryant & Hamill LLC trimmed its position in Helmerich & Payne, Inc. (NYSE:HP) by 8.8% in the 3rd quarter, Holdings Channel.com reports. 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’s holdings in Helmerich & Payne were worth $12,617,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HP. American Century Companies Inc. boosted its position in shares of Helmerich & Payne by 7.7% in the 3rd quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company’s stock worth $76,741,000 after purchasing an additional 249,425 shares in the last quarter. Invesco Ltd. increased its position in Helmerich & Payne by 9.5% during the 2nd quarter. Invesco Ltd. now owns 2,959,928 shares of the oil and gas company’s stock valued at $44,873,000 after buying an additional 255,794 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Helmerich & Payne by 174.1% in the second quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company’s stock valued at $30,993,000 after buying an additional 1,298,510 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Helmerich & Payne by 22.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,720,505 shares of the oil and gas company’s stock worth $26,083,000 after acquiring an additional 321,004 shares in the last quarter. Finally, Fairfax Financial Holdings Ltd. Can grew its stake in shares of Helmerich & Payne by 25.8% during the second quarter. Fairfax Financial Holdings Ltd. Can now owns 974,105 shares of the oil and gas company’s stock worth $14,767,000 after acquiring an additional 200,000 shares during the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

NYSE:HP opened at $33.97 on Wednesday. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $36.73. 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 price-to-earnings ratio of -10.65 and a beta of 0.54. The firm’s fifty day moving average is $32.68 and its two-hundred day moving average is $27.28.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $990.16 million. During the same period in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up 50.2% on a year-over-year basis. Research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.25 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Helmerich & Payne’s payout ratio is -31.35%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HP shares. JPMorgan Chase & Co. upgraded shares of Helmerich & Payne from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $24.00 to $34.00 in a report on Wednesday, December 10th. Barclays boosted their target price on shares of Helmerich & Payne from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Finally, Piper Sandler boosted their price objective on shares of Helmerich & Payne from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.20.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Hans Helmerich sold 75,000 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $28.12, for a total transaction of $2,109,000.00. Following the transaction, the director owned 496,735 shares in the company, valued at $13,968,188.20. This trade represents a 13.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is currently owned by insiders.

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.