Grace & White Inc. NY Sells 79,235 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Grace & White Inc. NY lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HPGet Rating) by 42.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,618 shares of the oil and gas company’s stock after selling 79,235 shares during the quarter. Grace & White Inc. NY owned approximately 0.10% of Helmerich & Payne worth $4,561,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position in shares of Helmerich & Payne by 90.2% during the first quarter. AdvisorNet Financial Inc now owns 677 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 321 shares during the last quarter. Lindbrook Capital LLC increased its holdings in Helmerich & Payne by 29.2% in the first quarter. Lindbrook Capital LLC now owns 1,044 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 236 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in Helmerich & Payne by 334.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,087 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 837 shares during the last quarter. Spire Wealth Management increased its holdings in Helmerich & Payne by 102.2% in the fourth quarter. Spire Wealth Management now owns 1,112 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 562 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Helmerich & Payne by 510.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,771 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 1,481 shares during the last quarter. Institutional investors own 88.62% of the company’s stock.

Shares of NYSE HP opened at $43.51 on Tuesday. The stock has a 50 day moving average price of $46.36 and a 200 day moving average price of $39.38. Helmerich & Payne, Inc. has a 52 week low of $20.93 and a 52 week high of $54.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.43 and a quick ratio of 2.21.

Helmerich & Payne (NYSE:HPGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The oil and gas company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.15. Helmerich & Payne had a negative return on equity of 6.73% and a negative net margin of 12.30%. The firm had revenue of $467.60 million during the quarter, compared to analysts’ expectations of $449.63 million. During the same period in the prior year, the firm posted ($0.60) earnings per share. The business’s quarterly revenue was up 57.9% compared to the same quarter last year. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post -0.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Wednesday, August 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.00 annualized dividend and a yield of 2.30%. Helmerich & Payne’s dividend payout ratio is -55.87%.

A number of equities research analysts recently commented on HP shares. Susquehanna upped their price objective on Helmerich & Payne from $55.00 to $62.00 in a report on Wednesday, June 8th. Seaport Res Ptn upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating in a report on Monday, March 14th. Piper Sandler upped their price objective on Helmerich & Payne from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Wednesday, June 1st. The Goldman Sachs Group upped their price objective on Helmerich & Payne from $36.50 to $41.00 and gave the company a “sell” rating in a report on Thursday, April 14th. Finally, Susquehanna Bancshares increased their price target on Helmerich & Payne from $55.00 to $62.00 and gave the stock a “positive” rating in a report on Wednesday, June 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.63.

In other Helmerich & Payne news, SVP Raymond John Adams III sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $40.00, for a total value of $60,000.00. Following the sale, the senior vice president now owns 54,399 shares in the company, valued at $2,175,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.35% of the stock is owned by corporate insiders.

Helmerich & Payne Profile (Get Rating)

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.

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

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