Quotient Wealth Partners LLC Grows Stock Holdings in Helmerich & Payne, Inc. $HP

Quotient Wealth Partners LLC raised its position in Helmerich & Payne, Inc. (NYSE:HP) by 57.7% during the second quarter, Holdings Channel.com reports. The fund owned 16,964 shares of the oil and gas company’s stock after purchasing an additional 6,204 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Helmerich & Payne were worth $257,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HP. Victory Capital Management Inc. boosted its stake in shares of Helmerich & Payne by 28.4% during the 1st quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company’s stock valued at $92,809,000 after purchasing an additional 786,250 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Helmerich & Payne by 24.7% during the 1st quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock valued at $70,632,000 after purchasing an additional 535,808 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $10,635,000. American Century Companies Inc. boosted its stake in shares of Helmerich & Payne by 12.2% during the 1st quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company’s stock valued at $77,938,000 after purchasing an additional 325,484 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $6,486,000. Institutional investors own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

HP has been the topic of a number of research reports. Citigroup lifted their target price on shares of Helmerich & Payne from $17.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, October 8th. Susquehanna decreased their target price on shares of Helmerich & Payne from $24.00 to $23.00 and set a “positive” rating for the company in a research note on Tuesday, July 1st. Piper Sandler boosted their price target on Helmerich & Payne from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Finally, TD Cowen raised their price objective on Helmerich & Payne from $26.00 to $27.00 and gave the company a “hold” rating in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $24.20.

Insider Activity

In other news, CAO Sara Marie Momper sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $17.83, for a total value of $119,461.00. Following the transaction, the chief accounting officer owned 21,908 shares in the company, valued at approximately $390,619.64. This represents a 23.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.51% of the company’s stock.

Helmerich & Payne Trading Up 0.0%

Shares of NYSE HP opened at $23.13 on Monday. The firm’s 50 day moving average price is $20.88 and its 200-day moving average price is $18.69. The company has a market cap of $2.30 billion, a PE ratio of -70.09 and a beta of 0.91. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $37.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84.

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

Helmerich & Payne Announces Dividend

The company 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, November 18th. Helmerich & Payne’s dividend payout ratio 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.