Charles Schwab Investment Management Inc. Has $38.31 Million Position in Helmerich & Payne, Inc. $HP

Key Points

• Charles Schwab Investment Management Inc. has reduced its holdings in Helmerich & Payne, Inc. by 5.8%, selling 91,126 shares to maintain ownership of approximately 1.48% of the company.
• Multiple large investors, including Principal Financial Group Inc. and GAMMA Investing LLC, have increased their stakes in Helmerich & Payne, with GAMMA reporting an 85.4% increase in shares.
• Analysts have set a mixed outlook for Helmerich & Payne, with recent target prices ranging from $17.00 to $26.00 and a consensus rating of "Hold" amid fluctuating investor sentiment.

Charles Schwab Investment Management Inc. lessened its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,466,805 shares of the oil and gas company's stock after selling 91,126 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.48% of Helmerich & Payne worth $38,313,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in Helmerich & Payne by 28.4% in the first quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company's stock valued at $92,809,000 after purchasing an additional 786,250 shares in the last quarter. Earnest Partners LLC increased its stake in Helmerich & Payne by 1.0% in the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock valued at $111,654,000 after purchasing an additional 35,013 shares in the last quarter. Northern Trust Corp increased its stake in Helmerich & Payne by 5.1% in the fourth quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company's stock valued at $54,414,000 after purchasing an additional 82,254 shares in the last quarter. LSV Asset Management increased its stake in Helmerich & Payne by 16.8% in the first quarter. LSV Asset Management now owns 1,504,671 shares of the oil and gas company's stock valued at $39,302,000 after purchasing an additional 216,560 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Helmerich & Payne by 9.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,270,321 shares of the oil and gas company's stock valued at $40,676,000 after purchasing an additional 109,035 shares in the last quarter. Institutional investors own 96.05% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. TD Cowen increased their price objective on shares of Helmerich & Payne from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Tuesday. Royal Bank Of Canada increased 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 report on Friday, August 8th. Piper Sandler increased their price objective on shares of Helmerich & Payne from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Barclays lowered their price objective on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday, June 20th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Helmerich & Payne has an average rating of "Reduce" and a consensus target price of $22.20.

Helmerich & Payne Stock Up 5.4%

Helmerich & Payne stock traded up $0.9630 during mid-day trading on Friday, reaching $18.8930. The company's stock had a trading volume of 1,944,398 shares, compared to its average volume of 2,412,916. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -57.25 and a beta of 0.87. Helmerich & Payne, Inc. has a 12 month low of $14.65 and a 12 month high of $37.46. The business's 50 day simple moving average is $16.70 and its 200 day simple moving average is $19.95. 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 (NYSE:HP - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The firm's revenue for the quarter was up 49.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.3%. Helmerich & Payne's dividend payout ratio (DPR) is currently -303.03%.

Insider Buying and Selling

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the stock in a transaction on 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 sale, the chief accounting officer owned 21,908 shares in the company, valued at $390,619.64. This trade represents a 23.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.51% of the stock is currently owned by corporate insiders.

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.