Nordea Investment Management AB Purchases 1,082 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Nordea Investment Management AB boosted its position in Helmerich & Payne, Inc. (NYSE:HPFree Report) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,447 shares of the oil and gas company’s stock after purchasing an additional 1,082 shares during the quarter. Nordea Investment Management AB owned about 0.18% of Helmerich & Payne worth $7,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Helmerich & Payne by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,181,316 shares of the oil and gas company’s stock worth $187,668,000 after buying an additional 19,622 shares during the last quarter. Pacer Advisors Inc. increased its stake 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 valued at $98,535,000 after acquiring an additional 1,541,987 shares during the last quarter. Victory Capital Management Inc. raised its position in Helmerich & Payne by 8.7% during the fourth quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company’s stock valued at $95,211,000 after purchasing an additional 210,321 shares in the last quarter. Boston Trust Walden Corp lifted its stake in 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 worth $80,218,000 after purchasing an additional 34,863 shares during the last quarter. Finally, ARGA Investment Management LP boosted its holdings in shares of Helmerich & Payne by 55.4% in the 1st quarter. ARGA Investment Management LP now owns 1,378,705 shares of the oil and gas company’s stock worth $57,988,000 after purchasing an additional 491,589 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Insider Activity at Helmerich & Payne

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Piper Sandler dropped their target price on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Susquehanna reduced their price objective on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, April 26th. Finally, Citigroup boosted their target price on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.29.

Get Our Latest Stock Analysis on Helmerich & Payne

Helmerich & Payne Stock Up 0.7 %

Shares of NYSE:HP opened at $35.59 on Tuesday. Helmerich & Payne, Inc. has a 1 year low of $32.17 and a 1 year high of $46.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 1.92. The stock’s 50-day moving average is $36.48 and its 200 day moving average is $37.94. The company has a market cap of $3.51 billion, a PE ratio of 10.16, a P/E/G ratio of 3.90 and a beta of 1.47.

Helmerich & Payne (NYSE:HPGet Free Report) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). The business had revenue of $687.94 million for the quarter, compared to the consensus estimate of $682.51 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. Helmerich & Payne’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 3.46 EPS for the current year.

Helmerich & Payne Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, August 16th. Helmerich & Payne’s payout ratio is 28.57%.

Helmerich & Payne Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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