55,004 Shares in Helmerich & Payne, Inc. $HP Acquired by Dockside LLC

Dockside LLC purchased a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,004 shares of the oil and gas company’s stock, valued at approximately $1,578,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Helmerich & Payne by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,165,265 shares of the oil and gas company’s stock worth $148,141,000 after purchasing an additional 194,935 shares during the last quarter. State Street Corp increased its position in Helmerich & Payne by 0.8% during the fourth quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock worth $121,102,000 after purchasing an additional 33,193 shares during the last quarter. American Century Companies Inc. increased its position in Helmerich & Payne by 7.7% during the third quarter. American Century Companies Inc. now owns 3,474,036 shares of the oil and gas company’s stock worth $76,741,000 after purchasing an additional 249,425 shares during the last quarter. Invesco Ltd. increased its position in Helmerich & Payne by 1.5% during the third quarter. Invesco Ltd. now owns 3,003,086 shares of the oil and gas company’s stock worth $66,338,000 after purchasing an additional 43,158 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its position in Helmerich & Payne by 4.3% during the third quarter. Balyasny Asset Management L.P. now owns 2,132,265 shares of the oil and gas company’s stock worth $47,102,000 after purchasing an additional 87,882 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore raised shares of Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price objective for the company in a research report on Friday, March 20th. Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Friday, March 27th. Susquehanna increased their price objective on shares of Helmerich & Payne from $42.00 to $43.00 and gave the stock a “positive” rating in a research report on Friday, May 8th. Piper Sandler increased their price objective on shares of Helmerich & Payne from $41.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.60.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $39.24 on Friday. Helmerich & Payne, Inc. has a 52-week low of $15.08 and a 52-week high of $41.82. The firm has a fifty day moving average of $37.94 and a 200-day moving average of $34.32. The firm has a market capitalization of $3.92 billion, a P/E ratio of -10.35 and a beta of 0.59. The company has a quick ratio of 1.32, a current ratio of 1.71 and a debt-to-equity ratio of 0.71.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.32). The business had revenue of $932.36 million during the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.Helmerich & Payne’s revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. As a group, analysts predict that Helmerich & Payne, Inc. will post -0.02 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. Stockholders of record on Tuesday, August 18th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Helmerich & Payne’s dividend payout ratio is -26.39%.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 58,771 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $36.62, for a total value of $2,152,194.02. Following the completion of the transaction, the senior vice president directly owned 175,589 shares in the company, valued at approximately $6,430,069.18. This represents a 25.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.40% of the company’s stock.

Helmerich & Payne Profile

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.