Insider Selling: Helmerich & Payne, Inc. (NYSE:HP) SVP Sells 9,910 Shares of Stock

Helmerich & Payne, Inc. (NYSE:HP) SVP Cara M. Hair sold 9,910 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the transaction, the senior vice president now directly owns 137,764 shares in the company, valued at approximately $5,540,868.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Helmerich & Payne Trading Down 2.8 %

HP stock opened at $38.22 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 12-month low of $30.41 and a 12-month high of $46.55. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.95 and a beta of 1.51. The business’s 50-day moving average is $40.79 and its 200 day moving average is $38.63.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01). The company had revenue of $687.94 million for the quarter, compared to analyst estimates of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. On average, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.59 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.40%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne’s payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

HP has been the topic of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Susquehanna reduced their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, April 26th. Citigroup raised their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating for the company in a research note on Friday, January 12th. Finally, Royal Bank of Canada lifted their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.63.

Institutional Trading of Helmerich & Payne

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Helmerich & Payne by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,181,316 shares of the oil and gas company’s stock valued at $187,668,000 after buying an additional 19,622 shares during the period. Earnest Partners LLC raised its position in shares of Helmerich & Payne by 4.0% during the 3rd quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock valued at $123,508,000 after buying an additional 113,735 shares during the period. Pacer Advisors Inc. raised its position in shares of Helmerich & Payne by 130.8% during the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock valued at $98,535,000 after buying an additional 1,541,987 shares during the period. Victory Capital Management Inc. raised its position in Helmerich & Payne by 8.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company’s stock valued at $95,211,000 after purchasing an additional 210,321 shares during the period. Finally, Boston Trust Walden Corp raised its position in Helmerich & Payne by 1.6% in the fourth quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after purchasing an additional 34,863 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

About Helmerich & Payne

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.