California State Teachers Retirement System Buys 22,723 Shares of Helmerich & Payne, Inc. $HP

California State Teachers Retirement System lifted its position in Helmerich & Payne, Inc. (NYSE:HP) by 24.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 117,076 shares of the oil and gas company’s stock after purchasing an additional 22,723 shares during the period. California State Teachers Retirement System’s holdings in Helmerich & Payne were worth $4,218,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of HP. Leonteq Securities AG purchased a new stake in shares of Helmerich & Payne in the fourth quarter worth $26,000. 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 acquiring an additional 1,582 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Helmerich & Payne by 407.1% in the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,787 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Helmerich & Payne by 24.3% in the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after acquiring an additional 445 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of Helmerich & Payne in the 1st quarter valued at about $101,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HP shares. Citigroup decreased their price objective 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, June 24th. The Goldman Sachs Group increased their price target on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Barclays raised their price objective on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.20.

Helmerich & Payne Stock Up 0.0%

Shares of HP opened at $37.09 on Friday. The firm has a market cap of $3.71 billion, a P/E ratio of -26.30 and a beta of 0.61. The stock has a 50 day simple moving average of $34.96 and a two-hundred day simple moving average of $35.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.32. Helmerich & Payne, Inc. has a 1 year low of $15.94 and a 1 year high of $41.82.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. On average, analysts forecast that Helmerich & Payne, Inc. will post -0.11 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. Helmerich & Payne’s payout ratio is currently -70.92%.

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.