Fisher Asset Management LLC Acquires 25,085 Shares of Helmerich & Payne, Inc. $HP

by · The Cerbat Gem

Fisher Asset Management LLC boosted its holdings in Helmerich & Payne, Inc. (NYSE:HP – Free Report) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,731,208 shares of the oil and gas company’s stock after purchasing an additional 25,085 shares during the period. Fisher Asset Management LLC’s holdings in Helmerich & Payne were worth $49,651,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in HP. Hantz Financial Services Inc. increased its position in shares of Helmerich & Payne by 24.3% during the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 445 shares during the period. Alan B Lancz & Associates Inc. bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $201,000. Leonteq Securities AG bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $26,000. ProShare Advisors LLC increased its position in shares of Helmerich & Payne by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 18,838 shares of the oil and gas company’s stock valued at $540,000 after purchasing an additional 572 shares during the period. Finally, May Hill Capital LLC bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $231,000. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Price Performance

Shares of HP stock opened at $40.30 on Wednesday. The stock’s fifty day simple moving average is $37.25 and its 200 day simple moving average is $33.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.32. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of -10.63 and a beta of 0.62. Helmerich & Payne, Inc. has a one year low of $15.03 and a one year high of $41.82.

Helmerich & Payne (NYSE:HP – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The company had revenue of $932.36 million during the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. Helmerich & Payne’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. On average, analysts expect that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. Helmerich & Payne’s payout ratio is currently -26.39%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on HP shares. Citigroup boosted their price objective on Helmerich & Payne from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada boosted their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Susquehanna boosted their price objective on Helmerich & Payne from $42.00 to $43.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Piper Sandler boosted their price objective on Helmerich & Payne from $41.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Barclays boosted their price objective on Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Five equities 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.70.

Read Our Latest Stock Report on Helmerich & Payne

Insider Buying and Selling

In other Helmerich & Payne news, SVP Cara M. Hair sold 58,771 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total value of $2,152,194.02. Following the transaction, the senior vice president owned 175,589 shares of the company’s stock, valued at approximately $6,430,069.18. The trade was a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

Helmerich & Payne 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.

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