Hara Capital LLC increased its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 51.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,440 shares of the oil and gas company's stock after acquiring an additional 30,576 shares during the period. Helmerich & Payne comprises about 1.6% of Hara Capital LLC's holdings, making the stock its 15th largest holding. Hara Capital LLC owned approximately 0.09% of Helmerich & Payne worth $2,362,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Quotient Wealth Partners LLC purchased a new stake in Helmerich & Payne in the 1st quarter worth about $281,000. Capital Advisors Inc. OK increased its position in Helmerich & Payne by 13.3% in the 1st quarter. Capital Advisors Inc. OK now owns 11,218 shares of the oil and gas company's stock worth $293,000 after purchasing an additional 1,318 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Helmerich & Payne by 4.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 374,163 shares of the oil and gas company's stock worth $9,773,000 after purchasing an additional 16,880 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in Helmerich & Payne in the 1st quarter worth about $257,000. Finally, Palisade Capital Management LP increased its position in Helmerich & Payne by 16.5% in the 1st quarter. Palisade Capital Management LP now owns 91,338 shares of the oil and gas company's stock worth $2,386,000 after purchasing an additional 12,943 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Morgan Stanley dropped their target price on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, May 16th. Wall Street Zen lowered Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup reaffirmed a "neutral" rating and issued a $17.00 target price (down from $19.00) on shares of Helmerich & Payne in a research report on Thursday, June 26th. The Goldman Sachs Group dropped their target price on Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. dropped their target price on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne currently has an average rating of "Hold" and a consensus price target of $26.09.
Get Our Latest Stock Analysis on HP
Helmerich & Payne Stock Down 0.1%
Shares of NYSE HP traded down $0.02 during mid-day trading on Friday, reaching $17.20. 1,717,968 shares of the company traded hands, compared to its average volume of 1,766,656. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.68. The stock has a market cap of $1.71 billion, a PE ratio of 7.85 and a beta of 0.82. The company's fifty day moving average is $16.97 and its two-hundred day moving average is $23.51. Helmerich & Payne, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $42.60.
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 analyst estimates of $961.03 million. Helmerich & Payne had a net margin of 7.15% and a return on equity of 8.25%. The business's quarterly revenue was up 47.7% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. On average, analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.
Helmerich & Payne Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's dividend payout ratio (DPR) is currently 45.66%.
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.
See Also
Before you consider Helmerich & Payne, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helmerich & Payne wasn't on the list.
While Helmerich & Payne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
