Alyeska Investment Group L.P. purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 407,170 shares of the oil and gas company's stock, valued at approximately $10,635,000. Alyeska Investment Group L.P. owned 0.41% of Helmerich & Payne at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Helmerich & Payne by 4.4% during the first quarter. Royal Bank of Canada now owns 104,180 shares of the oil and gas company's stock valued at $2,721,000 after acquiring an additional 4,394 shares during the period. Energy Income Partners LLC boosted its stake in Helmerich & Payne by 10.6% in the 1st quarter. Energy Income Partners LLC now owns 191,519 shares of the oil and gas company's stock worth $5,002,000 after purchasing an additional 18,363 shares during the period. Quarry LP acquired a new position in Helmerich & Payne in the 1st quarter worth approximately $81,000. Evergreen Capital Management LLC boosted its stake in Helmerich & Payne by 31.0% in the 1st quarter. Evergreen Capital Management LLC now owns 28,330 shares of the oil and gas company's stock worth $740,000 after purchasing an additional 6,709 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Helmerich & Payne by 10.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,399,501 shares of the oil and gas company's stock valued at $36,555,000 after buying an additional 129,180 shares during the period. Institutional investors and hedge funds own 96.05% of the company's stock.
Insider Activity at Helmerich & Payne
In other news, CAO Sara Marie Momper sold 6,700 shares of Helmerich & Payne stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $17.83, for a total value of $119,461.00. Following the completion of the transaction, the chief accounting officer owned 21,908 shares of the company's stock, valued at $390,619.64. This trade represents a 23.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.51% of the stock is currently owned by company insiders.
Helmerich & Payne Trading Up 2.3%
NYSE:HP traded up $0.46 during trading hours on Wednesday, hitting $20.48. The stock had a trading volume of 340,927 shares, compared to its average volume of 1,980,136. The business's 50 day moving average is $17.59 and its 200-day moving average is $19.39. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $37.46. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -61.98 and a beta of 0.95.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The firm's revenue was up 49.2% compared to the same quarter last year. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.
Helmerich & Payne Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.9%. Helmerich & Payne's dividend payout ratio (DPR) is presently -303.03%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on HP. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a report on Tuesday, June 24th. JPMorgan Chase & Co. dropped their price objective on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Morgan Stanley decreased their target price on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 16th. Susquehanna decreased their target price on shares of Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating on the stock in a research report on Tuesday, July 1st. Finally, Barclays reduced their price target on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Friday, June 20th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $22.20.
View Our Latest Analysis on Helmerich & Payne
About Helmerich & Payne
(
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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