Helmerich & Payne, Inc. $HP Holdings Boosted by Sei Investments Co.

Sei Investments Co. raised its position in shares of Helmerich & Payne, Inc. (NYSE:HPFree Report) by 52.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,255 shares of the oil and gas company’s stock after purchasing an additional 22,850 shares during the quarter. Sei Investments Co. owned 0.07% of Helmerich & Payne worth $2,387,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its stake in Helmerich & Payne by 2,433.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,582 shares in the last quarter. Leonteq Securities AG purchased a new position in Helmerich & Payne during the fourth quarter valued at approximately $26,000. Parallel Advisors LLC increased its stake in 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 buying an additional 1,787 shares during the period. Hantz Financial Services Inc. increased its stake in 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 buying an additional 445 shares during the period. Finally, Strs Ohio acquired a new position in Helmerich & Payne in the 1st quarter valued at approximately $101,000. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 0.0%

Helmerich & Payne stock opened at $37.09 on Friday. Helmerich & Payne, Inc. has a one year low of $15.94 and a one year high of $41.82. The company’s fifty day moving average price is $34.96 and its two-hundred day moving average price is $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. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -26.30 and a beta of 0.61.

Helmerich & Payne (NYSE:HPGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.Helmerich & Payne’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.22 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s payout ratio is -70.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HP shares. Barclays lifted their target price on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Morgan Stanley reaffirmed an “underweight” rating and set a $36.00 price target on shares of Helmerich & Payne in a research note on Wednesday, July 15th. Susquehanna lifted their price target on Helmerich & Payne from $40.00 to $44.00 and gave the company a “positive” rating in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada increased their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.20.

Check Out Our Latest Stock Analysis on Helmerich & Payne

About Helmerich & Payne

(Free Report)

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.

See Also

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

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