Energy Opportunities Capital Management LLC Boosts Stake in Helmerich & Payne, Inc. (HP)

Energy Opportunities Capital Management LLC raised its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 20.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,648 shares of the oil and gas company’s stock after purchasing an additional 17,400 shares during the period. Helmerich & Payne accounts for about 4.0% of Energy Opportunities Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Energy Opportunities Capital Management LLC’s holdings in Helmerich & Payne were worth $6,545,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC raised its stake in shares of Helmerich & Payne by 8,098.5% in the 1st quarter. Summit Trail Advisors LLC now owns 109,368 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 108,034 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Helmerich & Payne in the 2nd quarter valued at approximately $134,000. Viking Fund Management LLC bought a new position in shares of Helmerich & Payne in the 2nd quarter valued at approximately $159,000. Rampart Investment Management Company LLC raised its stake in shares of Helmerich & Payne by 84.3% in the 1st quarter. Rampart Investment Management Company LLC now owns 2,453 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Lee Financial Co bought a new position in shares of Helmerich & Payne in the 1st quarter valued at approximately $186,000. 91.94% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on HP. JPMorgan Chase & Co. raised Helmerich & Payne from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $49.00 to $58.00 in a research note on Friday. Jefferies Financial Group raised Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Wednesday, June 27th. Cowen set a $57.00 price target on Helmerich & Payne and gave the stock a “hold” rating in a research report on Monday, July 30th. ValuEngine raised Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Finally, Stephens raised Helmerich & Payne from an “equal weight” rating to an “overweight” rating and set a $67.00 price target on the stock in a research report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Helmerich & Payne presently has an average rating of “Hold” and an average target price of $66.47.

Shares of NYSE HP opened at $65.10 on Tuesday. The company has a current ratio of 2.97, a quick ratio of 2.57 and a debt-to-equity ratio of 0.11. Helmerich & Payne, Inc. has a 12 month low of $48.88 and a 12 month high of $75.02.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, July 25th. The oil and gas company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). Helmerich & Payne had a negative return on equity of 0.37% and a net margin of 19.70%. The firm had revenue of $648.87 million for the quarter, compared to analyst estimates of $617.06 million. During the same period in the previous year, the business posted ($0.25) EPS. Helmerich & Payne’s revenue for the quarter was up 30.1% compared to the same quarter last year. sell-side analysts predict that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, November 12th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Thursday, November 8th. Helmerich & Payne’s payout ratio is presently -223.62%.

Helmerich & Payne Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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