Helmerich & Payne, Inc. $HP Holdings Raised by Capital Investment Counsel Inc

Capital Investment Counsel Inc grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,004 shares of the oil and gas company’s stock after acquiring an additional 3,987 shares during the period. Capital Investment Counsel Inc owned 0.09% of Helmerich & Payne worth $1,395,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HP. GAMMA Investing LLC boosted its position in Helmerich & Payne by 29.2% during the second quarter. GAMMA Investing LLC now owns 4,092 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 925 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Helmerich & Payne during the 2nd quarter worth about $64,000. SBI Securities Co. Ltd. lifted its holdings in shares of Helmerich & Payne by 27.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 4,940 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 1,063 shares during the last quarter. Quarry LP bought a new stake in shares of Helmerich & Payne in the 1st quarter valued at approximately $81,000. Finally, State of Wyoming increased its holdings in Helmerich & Payne by 102.2% in the first quarter. State of Wyoming now owns 5,543 shares of the oil and gas company’s stock worth $145,000 after buying an additional 2,801 shares during the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on HP shares. Zacks Research upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Monday, August 11th. Royal Bank Of Canada raised their price target on shares of Helmerich & Payne from $23.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, August 8th. Citigroup upped their price objective on shares of Helmerich & Payne from $17.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Piper Sandler increased their target price on shares of Helmerich & Payne from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Finally, The Goldman Sachs Group boosted their price target on Helmerich & Payne from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $24.20.

Helmerich & Payne Trading Down 4.4%

Shares of NYSE:HP opened at $26.59 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The stock’s 50-day moving average is $23.39 and its 200-day moving average is $19.44. The company has a market cap of $2.64 billion, a P/E ratio of -80.58 and a beta of 0.94. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $37.30.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 18th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Helmerich & Payne’s dividend payout ratio (DPR) is -303.03%.

Insider Buying and Selling

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of Helmerich & Payne stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $17.83, for a total value of $119,461.00. Following the transaction, the chief accounting officer directly owned 21,908 shares of the company’s stock, valued at $390,619.64. The trade was a 23.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.51% of the stock is currently owned by corporate insiders.

Helmerich & Payne Company 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.