PEAK6 LLC Takes Position in Helmerich & Payne, Inc. $HP

PEAK6 LLC purchased a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) in the second quarter, Holdings Channel.com reports. The fund purchased 20,504 shares of the oil and gas company’s stock, valued at approximately $671,000.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its position in Helmerich & Payne by 4.4% in the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock worth $2,721,000 after acquiring an additional 4,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Helmerich & Payne by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,630 shares of the oil and gas company’s stock valued at $1,531,000 after purchasing an additional 3,611 shares during the period. NewEdge Advisors LLC raised its position in Helmerich & Payne by 39,685.1% in the first quarter. NewEdge Advisors LLC now owns 34,613 shares of the oil and gas company’s stock valued at $904,000 after purchasing an additional 34,526 shares during the period. Empowered Funds LLC lifted its stake 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 valued at $247,000 after purchasing an additional 852 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Helmerich & Payne by 34.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 213,445 shares of the oil and gas company’s stock valued at $5,575,000 after purchasing an additional 54,758 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Susquehanna increased their price target on Helmerich & Payne from $40.00 to $44.00 and gave the stock a “positive” rating in a report on Friday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Wall Street Zen raised shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup lowered their target price on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.00.

Helmerich & Payne Stock Up 0.2%

NYSE:HP opened at $43.63 on Monday. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average is $35.87 and its two-hundred day moving average is $36.37. Helmerich & Payne, Inc. has a 52 week low of $17.98 and a 52 week high of $45.00. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -30.94 and a beta of 0.61.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Research analysts anticipate that Helmerich & Payne, Inc. will post -0.15 EPS for the current year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s dividend payout ratio (DPR) is -70.92%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara M. Hair sold 11,149 shares of Helmerich & Payne stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $44.27, for a total value of $493,566.23. Following the completion of the transaction, the senior vice president directly owned 136,095 shares of the company’s stock, valued at $6,024,925.65. The trade was a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sara Marie Momper sold 5,054 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $44.28, for a total transaction of $223,791.12. Following the sale, the chief accounting officer owned 16,958 shares in the company, valued at $750,900.24. This trade represents a 22.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.40% of the company’s stock.

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.