Helmerich & Payne, Inc. (NYSE:HP) Stake Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 28.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,553,181 shares of the oil and gas company’s stock after buying an additional 786,250 shares during the period. Victory Capital Management Inc. owned approximately 3.58% of Helmerich & Payne worth $92,809,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Earnest Partners LLC lifted its stake in shares of Helmerich & Payne by 1.0% in the 4th quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company’s stock valued at $111,654,000 after purchasing an additional 35,013 shares during the period. American Century Companies Inc. raised its position in shares of Helmerich & Payne by 14.0% in the fourth quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock worth $85,121,000 after buying an additional 327,374 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Helmerich & Payne by 5.1% in the fourth quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company’s stock worth $54,414,000 after buying an additional 82,254 shares during the period. The Manufacturers Life Insurance Company boosted its position in Helmerich & Payne by 9.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,270,321 shares of the oil and gas company’s stock valued at $40,676,000 after acquiring an additional 109,035 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Helmerich & Payne in the 4th quarter worth approximately $28,708,000. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $16.00 on Friday. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $42.60. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price is $16.72 and its 200 day moving average price is $23.10. The stock has a market capitalization of $1.59 billion, a PE ratio of 7.30 and a beta of 0.82.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a return on equity of 8.25% and a net margin of 7.15%. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.25%. The ex-dividend date is Friday, August 15th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 45.66%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HP. Susquehanna reduced their price target on shares of Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen cut shares of Helmerich & Payne from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Piper Sandler started coverage on shares of Helmerich & Payne in a research report on Monday. They issued a “neutral” rating and a $20.00 target price for the company. Morgan Stanley cut their price objective on shares of Helmerich & Payne from $27.00 to $20.00 and set an “underweight” rating on the stock in a research report on Friday, May 16th. Finally, Citigroup restated a “neutral” rating and issued a $17.00 target price (down previously from $19.00) on shares of Helmerich & Payne in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus target price of $23.10.

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.