Bank of New York Mellon Corp Acquires Shares of 934,818 Helmerich & Payne, Inc. $HP

Key Points

• Bank of New York Mellon acquired 934,818 Helmerich & Payne shares worth approximately $30.6 million, giving it a 0.94% stake. Institutional investors and hedge funds collectively own 96.05% of the company.
• Helmerich & Payne reported a quarterly loss of $0.11 per share, missing estimates by $0.20, while revenue reached $1.03 billion and declined 0.6% year over year. Analysts expect a full-year loss of $0.18 per share.
• The company declared a quarterly dividend of $0.25 per share, representing a 2.4% annualized yield, while insiders sold approximately $4.86 million of stock over the past 90 days. Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $41.

Bank of New York Mellon Corp bought a new position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 934,818 shares of the oil and gas company's stock, valued at approximately $30,606,000. Bank of New York Mellon Corp owned approximately 0.94% of Helmerich & Payne at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 1,582 shares during the period. Leonteq Securities AG bought a new stake in Helmerich & Payne during the 4th quarter worth approximately $26,000. Parallel Advisors LLC increased its stake in Helmerich & Payne by 407.1% during the 3rd quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,787 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Helmerich & Payne by 24.3% during the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company's stock worth $65,000 after buying an additional 445 shares during the period. Finally, Strs Ohio acquired a new stake in Helmerich & Payne during the 1st quarter worth approximately $101,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

HP opened at $42.51 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.55 and a current ratio of 1.96. Helmerich & Payne, Inc. has a 52-week low of $19.50 and a 52-week high of $45.00. The firm has a market cap of $4.25 billion, a P/E ratio of -30.15 and a beta of 0.61. The business's fifty day moving average is $36.51 and its 200-day moving average is $36.59.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.20). Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $987.70 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business's revenue was down .6% on a year-over-year basis. Sell-side analysts expect that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Helmerich & Payne's payout ratio is presently -70.92%.

Insiders Place Their Bets

In other news, SVP Cara M. Hair sold 11,149 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $44.27, for a total value of $493,566.23. Following the sale, the senior vice president directly owned 136,095 shares of the company's stock, valued at approximately $6,024,925.65. This represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hans Helmerich sold 94,470 shares of Helmerich & Payne stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at $878,000. This represents a 82.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 110,673 shares of company stock valued at $4,864,590 in the last ninety days. 4.40% of the stock is currently owned by insiders.

Helmerich & Payne News Roundup

Here are the key news stories impacting Helmerich & Payne this week:

• Positive Sentiment: Long-term earnings estimates improved: Zacks raised its FY2027 EPS forecast to $1.24 from $1.22 and FY2028 EPS forecast to $2.42 from $2.15. The firm also increased estimates for Q4 2026 to $0.18, Q2 2027 to $0.18, and Q4 2027 to $0.44. These revisions suggest expectations for a meaningful recovery in drilling activity and profitability. Helmerich & Payne stock information
• Positive Sentiment: Later-period quarterly forecasts were raised sharply: Zacks lifted its Q2 2028 EPS estimate to $1.42 from a prior forecast of a $0.04 loss, and its Q3 2028 estimate to $1.13 from $0.32. While these forecasts are far out, the substantial increases may be supporting the stock’s recent strength.
• Neutral Sentiment: Analyst estimates remain mixed: Zacks raised Q1 2027 EPS to $0.25 from $0.16, but the current full-year consensus remains a loss of $0.16 per share. The revisions indicate that the expected recovery is uneven rather than immediate.
• Negative Sentiment: Near-term and interim estimates were reduced: Zacks cut FY2026 EPS to a loss of $0.46 from a loss of $0.27, lowered Q1 2028 EPS to a loss of $0.39 from $0.92, and reduced Q3 2027 EPS to $0.37 from $0.47. These cuts highlight ongoing earnings pressure and could limit upside if operating conditions deteriorate.

Analyst Ratings Changes

Several analysts have issued reports on HP shares. Wall Street Zen raised Helmerich & Payne from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Royal Bank Of Canada upped their price objective on Helmerich & Payne from $38.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, May 8th. Susquehanna boosted their target price on Helmerich & Payne from $40.00 to $44.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Weiss Ratings downgraded Helmerich & Payne from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday. Finally, Barclays boosted their price objective on shares of Helmerich & Payne from $47.00 to $50.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.00.

Helmerich & Payne Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.

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