Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 58.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,675 shares of the oil and gas company’s stock after acquiring an additional 50,980 shares during the period. Russell Investments Group Ltd. owned about 0.14% of Helmerich & Payne worth $5,023,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Helmerich & Payne during the 4th quarter worth about $73,000. LSV Asset Management purchased a new stake in Helmerich & Payne during the 3rd quarter worth about $202,000. AlphaMark Advisors LLC increased its holdings in Helmerich & Payne by 5.8% during the 4th quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $230,000 after purchasing an additional 346 shares during the period. Cottage Street Advisors LLC purchased a new stake in Helmerich & Payne during the 3rd quarter worth about $236,000. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in Helmerich & Payne during the 4th quarter worth about $246,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Trading Up 2.2 %

NYSE:HP opened at $39.28 on Friday. The stock’s 50 day moving average price is $40.80 and its 200 day moving average price is $38.46. The company has a market capitalization of $3.88 billion, a PE ratio of 11.22, a P/E/G ratio of 1.85 and a beta of 1.51. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 52-week low of $30.41 and a 52-week high of $46.55.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The firm had revenue of $687.94 million for the quarter, compared to analysts’ expectations of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. On average, research analysts anticipate that Helmerich & Payne, Inc. will post 3.56 EPS for the current year.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne’s payout ratio is currently 28.57%.

Insider Transactions at Helmerich & Payne

In other news, CFO Mark W. Smith sold 16,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the sale, the chief financial officer now owns 144,870 shares in the company, valued at approximately $5,865,786.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now owns 137,764 shares of the company’s stock, valued at $5,540,868.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark W. Smith sold 16,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the transaction, the chief financial officer now owns 144,870 shares of the company’s stock, valued at approximately $5,865,786.30. The disclosure for this sale can be found here. Company insiders own 4.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on HP shares. Susquehanna cut their price target on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, April 26th. Royal Bank of Canada increased their price objective on Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. The Goldman Sachs Group dropped their price objective on Helmerich & Payne from $37.00 to $33.00 and set a “sell” rating on the stock in a report on Friday, January 12th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, April 25th. Finally, Piper Sandler dropped their price objective on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and a consensus price target of $42.00.

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.