Nisa Investment Advisors LLC Grows Position in Helmerich & Payne, Inc. $HP

Nisa Investment Advisors LLC increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,761 shares of the oil and gas company’s stock after buying an additional 8,369 shares during the period. Nisa Investment Advisors LLC owned about 0.10% of Helmerich & Payne worth $1,543,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Helmerich & Payne by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,483,028 shares of the oil and gas company’s stock worth $143,209,000 after buying an additional 71,168 shares during the period. Victory Capital Management Inc. increased its stake in shares of Helmerich & Payne by 28.4% during the first quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company’s stock worth $92,809,000 after buying an additional 786,250 shares during the period. American Century Companies Inc. increased its stake in shares of Helmerich & Payne by 12.2% during the first quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company’s stock worth $77,938,000 after buying an additional 325,484 shares during the period. Invesco Ltd. increased its stake in shares of Helmerich & Payne by 24.7% during the first quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock worth $70,632,000 after buying an additional 535,808 shares during the period. Finally, LSV Asset Management increased its stake in shares of Helmerich & Payne by 16.8% during the first quarter. LSV Asset Management now owns 1,504,671 shares of the oil and gas company’s stock worth $39,302,000 after buying an additional 216,560 shares during the period. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays set a $25.00 target price on shares of Helmerich & Payne and gave the stock an “overweight” rating in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helmerich & Payne in a report on Wednesday, October 8th. Zacks Research raised Helmerich & Payne to a “hold” rating in a report on Monday, August 11th. Citigroup upped their price target on Helmerich & Payne from $17.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, Piper Sandler upped their price target on Helmerich & Payne from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Reduce” and an average price target of $24.20.

Insider Buying and Selling at Helmerich & Payne

In other news, CAO Sara Marie Momper sold 6,700 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $17.83, for a total value of $119,461.00. Following the completion of the sale, the chief accounting officer directly owned 21,908 shares of the company’s stock, valued at approximately $390,619.64. This represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.51% of the company’s stock.

Helmerich & Payne Stock Performance

NYSE HP opened at $26.70 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $37.46. The company has a market capitalization of $2.66 billion, a PE ratio of -80.91 and a beta of 0.91. The company has a fifty day moving average of $22.19 and a two-hundred day moving average of $19.03.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The company’s revenue was up 49.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne’s dividend payout ratio is presently -303.03%.

Helmerich & Payne Profile

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.