Universal Beteiligungs und Servicegesellschaft mbH Sells 148,500 Shares of Helmerich & Payne, Inc. $HP

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 82.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,527 shares of the oil and gas company’s stock after selling 148,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Helmerich & Payne were worth $938,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH raised its holdings in shares of Helmerich & Payne by 234.7% during the third quarter. Allianz Asset Management GmbH now owns 383,437 shares of the oil and gas company’s stock valued at $8,470,000 after acquiring an additional 268,882 shares in the last quarter. Fairfax Financial Holdings Ltd. Can raised its holdings in Helmerich & Payne by 20.5% in the third quarter. Fairfax Financial Holdings Ltd. Can now owns 1,174,105 shares of the oil and gas company’s stock worth $25,948,000 after purchasing an additional 200,000 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Helmerich & Payne by 61.5% in the third quarter. Advisors Asset Management Inc. now owns 117,958 shares of the oil and gas company’s stock worth $2,606,000 after purchasing an additional 44,906 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Helmerich & Payne by 398.3% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 47,073 shares of the oil and gas company’s stock worth $1,040,000 after purchasing an additional 37,626 shares in the last quarter. Finally, Private Advisory Group LLC bought a new position in Helmerich & Payne in the fourth quarter worth $1,407,000. Institutional investors own 96.05% of the company’s stock.

Insider Buying and Selling at Helmerich & Payne

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

Helmerich & Payne Price Performance

HP opened at $40.45 on Monday. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $41.14. The company has a current ratio of 2.03, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $35.66 and a two-hundred day simple moving average of $31.64. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -12.68 and a beta of 0.62.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $990.16 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. Helmerich & Payne’s revenue was up 50.2% compared to the same quarter last year. Research analysts predict that Helmerich & Payne, Inc. will post 0.12 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be issued 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 2.5%. Helmerich & Payne’s dividend payout ratio (DPR) is presently -31.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HP shares. TD Cowen increased their price objective on Helmerich & Payne from $35.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Royal Bank Of Canada increased their price objective on Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Morgan Stanley increased their price objective on Helmerich & Payne from $30.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. Piper Sandler increased their price objective on Helmerich & Payne from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Citigroup increased their price objective on Helmerich & Payne from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.80.

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.