Cara M. Hair Sells 9,910 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara M. Hair sold 9,910 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the transaction, the senior vice president now owns 137,764 shares in the company, valued at approximately $5,540,868.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Helmerich & Payne Stock Performance

NYSE HP traded down $1.49 during midday trading on Tuesday, hitting $39.33. The company had a trading volume of 1,158,803 shares, compared to its average volume of 1,310,505. The firm has a fifty day simple moving average of $40.78 and a two-hundred day simple moving average of $38.65. Helmerich & Payne, Inc. has a fifty-two week low of $30.41 and a fifty-two week high of $46.55. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.93 and a beta of 1.51.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The firm had revenue of $687.94 million during the quarter, compared to analyst estimates of $682.51 million. During the same period last year, the company earned $1.26 EPS. The company’s revenue was down 10.6% on a year-over-year basis. Equities analysts forecast that Helmerich & Payne, Inc. will post 3.59 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.57%.

Hedge Funds Weigh In On Helmerich & Payne

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in Helmerich & Payne by 13,372.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock valued at $101,958,000 after buying an additional 2,400,414 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Helmerich & Payne by 130.8% during the fourth quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after acquiring an additional 1,541,987 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Helmerich & Payne by 937.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 841,724 shares of the oil and gas company’s stock valued at $30,487,000 after purchasing an additional 760,554 shares in the last quarter. ARGA Investment Management LP grew its holdings in shares of Helmerich & Payne by 497.3% in the 4th quarter. ARGA Investment Management LP now owns 887,116 shares of the oil and gas company’s stock worth $32,131,000 after purchasing an additional 738,594 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Helmerich & Payne by 11,750.0% during the 4th quarter. LSV Asset Management now owns 568,800 shares of the oil and gas company’s stock worth $20,602,000 after purchasing an additional 564,000 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Susquehanna dropped their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday. The Goldman Sachs Group cut their target price on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, January 12th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Royal Bank of Canada increased their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Finally, Citigroup boosted their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.63.

About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders.