Cozad Asset Management Inc. Purchases Shares of 45,739 Helmerich & Payne, Inc. (NYSE:HP)

Cozad Asset Management Inc. purchased a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 45,739 shares of the oil and gas company's stock, valued at approximately $1,195,000.

Several other hedge funds also recently made changes to their positions in HP. Sei Investments Co. boosted its holdings in shares of Helmerich & Payne by 4.3% in the 4th quarter. Sei Investments Co. now owns 33,116 shares of the oil and gas company's stock valued at $1,060,000 after buying an additional 1,357 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Helmerich & Payne during the fourth quarter worth $644,000. LPL Financial LLC boosted its position in Helmerich & Payne by 1.9% during the fourth quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock worth $697,000 after purchasing an additional 408 shares during the period. JPMorgan Chase & Co. boosted its position in Helmerich & Payne by 21.7% during the fourth quarter. JPMorgan Chase & Co. now owns 721,831 shares of the oil and gas company's stock worth $23,113,000 after purchasing an additional 128,501 shares during the period. Finally, Norges Bank bought a new position in Helmerich & Payne during the fourth quarter worth $21,572,000. 96.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on HP. The Goldman Sachs Group reduced their price objective on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a research report on Tuesday, June 24th. JPMorgan Chase & Co. dropped their target price on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Piper Sandler initiated coverage on Helmerich & Payne in a report on Monday, July 14th. They set a "neutral" rating and a $20.00 target price for the company. Citigroup reissued a "neutral" rating and set a $17.00 target price (down previously from $19.00) on shares of Helmerich & Payne in a report on Thursday, June 26th. Finally, Barclays dropped their target price on Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, June 20th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $23.10.

Helmerich & Payne Price Performance

Helmerich & Payne stock traded down $0.55 during midday trading on Friday, reaching $15.66. The company's stock had a trading volume of 2,576,828 shares, compared to its average volume of 1,791,932. Helmerich & Payne, Inc. has a 52 week low of $14.65 and a 52 week high of $37.81. The company has a current ratio of 1.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average price of $16.52 and a 200-day moving average price of $21.81. The stock has a market cap of $1.56 billion, a PE ratio of 7.15 and a beta of 0.87.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a net margin of 7.15% and a return on equity of 8.25%. The business's revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 6.4%. Helmerich & Payne's dividend payout ratio is presently 45.66%.

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.