Vise Technologies Inc. Buys Shares of 20,851 Helmerich & Payne, Inc. $HP

Vise Technologies Inc. purchased a new position in Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,851 shares of the oil and gas company’s stock, valued at approximately $683,000.

A number of other hedge funds have also recently made changes to their positions in HP. Royal Bank of Canada increased its position in Helmerich & Payne by 4.4% during the 1st quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company’s stock valued at $2,721,000 after buying an additional 4,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $1,531,000 after acquiring an additional 3,611 shares in the last quarter. NewEdge Advisors LLC boosted its holdings 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 worth $904,000 after acquiring an additional 34,526 shares in the last quarter. Empowered Funds LLC boosted its holdings in Helmerich & Payne by 9.9% in the first quarter. Empowered Funds LLC now owns 9,459 shares of the oil and gas company’s stock worth $247,000 after acquiring an additional 852 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Helmerich & Payne by 34.5% in the first 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 worth $5,575,000 after acquiring an additional 54,758 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HP has been the subject of several analyst reports. Citigroup reduced their price target on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Barclays upped their price target on shares of Helmerich & Payne from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Royal Bank Of Canada lifted their target price on shares of Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group upped their target price on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

Helmerich & Payne Stock Up 0.2%

Helmerich & Payne stock opened at $43.63 on Monday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -30.94 and a beta of 0.61. The stock has a fifty day simple moving average of $35.87 and a two-hundred day simple moving average of $36.37. Helmerich & Payne, Inc. has a 12 month low of $17.98 and a 12 month high of $45.00. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data 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 net margin of 3.43% and a negative return on equity of 2.35%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. During the same period last year, the business earned $0.22 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts predict that Helmerich & Payne, Inc. will post -0.15 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

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

Insider Transactions at Helmerich & Payne

In other news, SVP Cara M. Hair sold 11,149 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sara Marie Momper sold 5,054 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $44.28, for a total transaction of $223,791.12. Following the transaction, the chief accounting officer owned 16,958 shares in the company, valued at approximately $750,900.24. This trade represents a 22.96% decrease in their position. 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.