Helmerich & Payne, Inc. (NYSE:HP) CFO Mark W. Smith Sells 16,000 Shares

Helmerich & Payne, Inc. (NYSE:HP) CFO Mark W. Smith sold 16,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.49, for a total transaction of $647,840.00. Following the transaction, the chief financial officer now owns 144,870 shares of the company’s stock, valued at $5,865,786.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Helmerich & Payne Stock Performance

NYSE HP opened at $39.33 on Wednesday. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.93 and a beta of 1.51. The stock has a fifty day simple moving average of $40.78 and a 200 day simple moving average of $38.65. Helmerich & Payne, Inc. has a twelve month low of $30.41 and a twelve month high of $46.55.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The firm had revenue of $687.94 million for the quarter, compared to the consensus estimate of $682.51 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The business’s revenue was down 10.6% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. Sell-side analysts expect that Helmerich & Payne, Inc. will post 3.59 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 4.27%. Helmerich & Payne’s dividend payout ratio (DPR) is currently 28.57%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a report on Friday, January 12th. Susquehanna lowered their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a report on Friday, April 26th. Barclays downgraded shares of Helmerich & Payne from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. Royal Bank of Canada increased their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Finally, Piper Sandler increased their price objective on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $42.63.

Institutional Trading of Helmerich & Payne

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in Helmerich & Payne during the fourth quarter valued at $35,000. Hexagon Capital Partners LLC boosted its position in Helmerich & Payne by 514.4% during the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 787 shares during the last quarter. Creekmur Asset Management LLC bought a new position in shares of Helmerich & Payne during the 4th quarter worth about $60,000. Lindbrook Capital LLC boosted its position in shares of Helmerich & Payne by 26.4% during the 1st quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 355 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Helmerich & Payne during the 4th quarter worth about $73,000. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Company 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.