Van ECK Associates Corp Reduces Holdings in Helmerich & Payne, Inc. $HP

Posted by Brenda Bartman on Aug 30th, 2026

Van ECK Associates Corp lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HP – Free Report) by 25.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,798,141 shares of the oil and gas company’s stock after selling 624,645 shares during the period. Van ECK Associates Corp owned approximately 1.80% of Helmerich & Payne worth $58,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HP. BlackRock Inc. acquired a new position in Helmerich & Payne in the second quarter valued at approximately $513,336,000. Dimensional Fund Advisors LP increased its stake in Helmerich & Payne by 11.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock worth $206,660,000 after acquiring an additional 570,500 shares during the last quarter. State Street Corp increased its stake in Helmerich & Payne by 0.8% during the fourth quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock worth $121,102,000 after acquiring an additional 33,193 shares during the last quarter. Invesco Ltd. raised its position in Helmerich & Payne by 15.5% in the fourth quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock valued at $99,477,000 after purchasing an additional 465,440 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Helmerich & Payne by 4.3% in the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company’s stock valued at $47,102,000 after purchasing an additional 87,882 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Stock Up 0.2%

Shares of NYSE HP opened at $42.51 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $36.51 and its two-hundred day moving average is $36.59. Helmerich & Payne, Inc. has a 52-week low of $19.50 and a 52-week high of $45.00. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of -30.15 and a beta of 0.61.

Helmerich & Payne (NYSE:HP – Get Free Report) last released 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 firm 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. Research analysts predict that Helmerich & Payne, Inc. will post -0.18 EPS for the current year.

Helmerich & Payne Announces Dividend

The company 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio (DPR) is -70.92%.

Insider Activity at Helmerich & Payne

In other Helmerich & Payne news, CAO Sara Marie Momper sold 5,054 shares of Helmerich & Payne stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $44.28, for a total value of $223,791.12. Following the completion of the transaction, the chief accounting officer directly owned 16,958 shares of the company’s stock, valued at $750,900.24. The trade was a 22.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Hans Helmerich sold 94,470 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the sale, the director owned 20,000 shares in the company, valued at $878,000. This trade represents a 82.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 110,673 shares of company stock worth $4,864,590 in the last three months. 4.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

HP has been the subject of a number of research analyst reports. Susquehanna increased their price target on Helmerich & Payne from $40.00 to $44.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Weiss Ratings downgraded Helmerich & Payne from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Piper Sandler boosted their price objective on shares of Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Morgan Stanley upped their target price on shares of Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, August 20th. Finally, Citigroup lowered their target price on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Read Our Latest Report on Helmerich & Payne

More Helmerich & Payne News

Here are the key news stories impacting Helmerich & Payne this week:

Positive Sentiment: Long-term earnings estimates improved: Zacks raised its FY2027 EPS forecast to $1.24 from $1.22 and FY2028 EPS forecast to $2.42 from $2.15. The firm also increased estimates for Q4 2026 to $0.18, Q2 2027 to $0.18, and Q4 2027 to $0.44. These revisions suggest expectations for a meaningful recovery in drilling activity and profitability. Helmerich & Payne stock information
Positive Sentiment: Later-period quarterly forecasts were raised sharply: Zacks lifted its Q2 2028 EPS estimate to $1.42 from a prior forecast of a $0.04 loss, and its Q3 2028 estimate to $1.13 from $0.32. While these forecasts are far out, the substantial increases may be supporting the stock’s recent strength.
Neutral Sentiment: Analyst estimates remain mixed: Zacks raised Q1 2027 EPS to $0.25 from $0.16, but the current full-year consensus remains a loss of $0.16 per share. The revisions indicate that the expected recovery is uneven rather than immediate.
Negative Sentiment: Near-term and interim estimates were reduced: Zacks cut FY2026 EPS to a loss of $0.46 from a loss of $0.27, lowered Q1 2028 EPS to a loss of $0.39 from $0.92, and reduced Q3 2027 EPS to $0.37 from $0.47. These cuts highlight ongoing earnings pressure and could limit upside if operating conditions deteriorate.

Helmerich & Payne Company Profile

(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.