Caitong International Asset Management Co. Ltd Makes New $64,000 Investment in Helmerich & Payne, Inc. $HP

Caitong International Asset Management Co. Ltd purchased a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,218 shares of the oil and gas company’s stock, valued at approximately $64,000.

A number of other large investors also recently made changes to their positions in the business. Ridgewood Investments LLC raised its position in shares of Helmerich & Payne by 4.4% in the 1st quarter. Ridgewood Investments LLC now owns 13,385 shares of the oil and gas company’s stock worth $350,000 after buying an additional 569 shares during the period. Xponance Inc. raised its position in shares of Helmerich & Payne by 7.6% in the 1st quarter. Xponance Inc. now owns 8,294 shares of the oil and gas company’s stock worth $217,000 after buying an additional 587 shares during the period. Radnor Capital Management LLC raised its position in shares of Helmerich & Payne by 1.5% in the 2nd quarter. Radnor Capital Management LLC now owns 43,674 shares of the oil and gas company’s stock worth $662,000 after buying an additional 630 shares during the period. Empowered Funds LLC raised its position in shares of Helmerich & Payne by 9.9% in the 1st quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock worth $247,000 after buying an additional 852 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Helmerich & Payne by 29.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock worth $62,000 after buying an additional 925 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler increased their price target on Helmerich & Payne from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Zacks Research upgraded Helmerich & Payne to a “hold” rating in a report on Monday, August 11th. TD Cowen increased their price target on Helmerich & Payne from $26.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, August 19th. Royal Bank Of Canada increased their price target on Helmerich & Payne from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Finally, Susquehanna lowered their price target on Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating for the company in a report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $24.20.

Insider Buying and Selling

In related news, CAO Sara Marie Momper sold 6,700 shares of Helmerich & Payne stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $17.83, for a total value of $119,461.00. Following the completion of the transaction, the chief accounting officer directly owned 21,908 shares in the company, valued at approximately $390,619.64. This trade represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.51% of the company’s stock.

Helmerich & Payne Stock Down 0.1%

Shares of Helmerich & Payne stock opened at $25.67 on Friday. The business has a 50-day moving average of $21.53 and a 200-day moving average of $18.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. The company has a market capitalization of $2.55 billion, a PE ratio of -77.79 and a beta of 0.91. Helmerich & Payne, Inc. has a 1-year low of $14.65 and a 1-year high of $37.46.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The company’s revenue was up 49.2% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. As a group, equities analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -303.03%.

Helmerich & Payne 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.