International Assets Investment Management LLC Purchases New Shares in Helmerich & Payne, Inc. (NYSE:HP)

International Assets Investment Management LLC bought a new position in Helmerich & Payne, Inc. (NYSE:HP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,787 shares of the oil and gas company’s stock, valued at approximately $318,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Earnest Partners LLC boosted its holdings in Helmerich & Payne by 4.0% in the third quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company’s stock worth $123,508,000 after acquiring an additional 113,735 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Helmerich & Payne by 130.8% in the fourth quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company’s stock worth $98,535,000 after acquiring an additional 1,541,987 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Helmerich & Payne by 13,372.8% during the third quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company’s stock valued at $101,958,000 after purchasing an additional 2,400,414 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Helmerich & Payne by 1.6% during the fourth quarter. Boston Trust Walden Corp now owns 2,214,742 shares of the oil and gas company’s stock valued at $80,218,000 after purchasing an additional 34,863 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Helmerich & Payne by 10.7% during the third quarter. Invesco Ltd. now owns 1,970,140 shares of the oil and gas company’s stock valued at $83,061,000 after purchasing an additional 190,134 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Down 0.1 %

Helmerich & Payne stock opened at $40.41 on Friday. The stock has a market cap of $3.99 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.89 and a current ratio of 2.11. Helmerich & Payne, Inc. has a one year low of $30.41 and a one year high of $46.55. The stock has a fifty day moving average of $40.75 and a 200 day moving average of $38.71.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.24. The business had revenue of $677.00 million during the quarter, compared to analysts’ expectations of $661.81 million. Helmerich & Payne had a return on equity of 13.28% and a net margin of 12.84%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. As a group, sell-side analysts predict that Helmerich & Payne, Inc. will post 3.59 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday. Piper Sandler upped their price target on Helmerich & Payne from $41.00 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, February 20th. Citigroup upped their price target on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Barclays downgraded Helmerich & Payne from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $44.00 to $40.00 in a report on Wednesday, January 10th. Finally, Royal Bank of Canada upped their price target on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and a consensus price target of $42.63.

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.