10,753 Shares in Helmerich & Payne, Inc. $HP Bought by Abel Hall LLC

Key Points

• Abel Hall LLC has acquired a new position in Helmerich & Payne, purchasing 10,753 shares valued at approximately $163,000.
• Helmerich & Payne reported a quarterly earnings per share of $0.22, exceeding expectations, with revenues of $1.04 billion, a 49.2% year-over-year increase.
• The company announced a quarterly dividend of $0.25 per share, scheduled for payment on December 2nd, reflecting a 4.2% dividend yield.

Abel Hall LLC purchased a new position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,753 shares of the oil and gas company's stock, valued at approximately $163,000.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Helmerich & Payne during the first quarter worth $81,000. GAMMA Investing LLC boosted its stake in Helmerich & Payne by 85.4% during the first quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock worth $83,000 after buying an additional 1,459 shares during the period. State of Wyoming boosted its stake in Helmerich & Payne by 102.2% during 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 period. CWM LLC boosted its stake in Helmerich & Payne by 37.8% during the first quarter. CWM LLC now owns 5,671 shares of the oil and gas company's stock worth $148,000 after buying an additional 1,555 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Helmerich & Payne during the fourth quarter worth $248,000. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

HP stock opened at $23.80 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. The business has a 50-day moving average price of $19.91 and a 200 day moving average price of $18.92. The company has a market capitalization of $2.37 billion, a P/E ratio of -72.12 and a beta of 0.91. Helmerich & Payne, Inc. has a 1-year low of $14.65 and a 1-year high of $37.46.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The firm's quarterly revenue was up 49.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Tuesday, November 18th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, November 18th. Helmerich & Payne's payout ratio is presently -303.03%.

Analysts Set New Price Targets

Several research analysts have commented on HP shares. Zacks Research raised shares of Helmerich & Payne to a "hold" rating in a research note on Monday, August 11th. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $23.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, August 8th. Weiss Ratings reissued a "sell (d+)" rating on shares of Helmerich & Payne in a research note on Wednesday. Barclays set a $25.00 target price on shares of Helmerich & Payne and gave the company an "overweight" rating in a research note on Monday, September 22nd. Finally, Piper Sandler boosted their target price on shares of Helmerich & Payne from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $24.20.

Insider Buying and Selling at Helmerich & Payne

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

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