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Hara Capital LLC Acquires 30,576 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Helmerich & Payne logo with Energy background

Hara Capital LLC boosted its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 51.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,440 shares of the oil and gas company's stock after purchasing an additional 30,576 shares during the quarter. Helmerich & Payne comprises approximately 1.6% of Hara Capital LLC's holdings, making the stock its 15th largest holding. Hara Capital LLC owned 0.09% of Helmerich & Payne worth $2,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Quotient Wealth Partners LLC purchased a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $281,000. Capital Advisors Inc. OK raised its position in shares of Helmerich & Payne by 13.3% during the 1st quarter. Capital Advisors Inc. OK now owns 11,218 shares of the oil and gas company's stock valued at $293,000 after buying an additional 1,318 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Helmerich & Payne by 4.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 374,163 shares of the oil and gas company's stock valued at $9,773,000 after buying an additional 16,880 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $257,000. Finally, Palisade Capital Management LP raised its position in shares of Helmerich & Payne by 16.5% during the 1st quarter. Palisade Capital Management LP now owns 91,338 shares of the oil and gas company's stock valued at $2,386,000 after buying an additional 12,943 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

Helmerich & Payne Trading Down 0.1%

Shares of NYSE:HP traded down $0.02 during trading on Friday, reaching $17.20. 1,717,968 shares of the company were exchanged, compared to its average volume of 1,769,911. The firm has a market capitalization of $1.71 billion, a PE ratio of 7.85 and a beta of 0.82. The business's fifty day simple moving average is $16.97 and its 200-day simple moving average is $23.41. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $42.60. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.68 and a quick ratio of 1.32.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $961.03 million. Helmerich & Payne had a return on equity of 8.25% and a net margin of 7.15%. The business's revenue was up 47.7% compared to the same quarter last year. During the same period last year, the business posted $0.84 earnings per share. On average, research analysts anticipate 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. Stockholders of record on Friday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date is Friday, August 15th. Helmerich & Payne's dividend payout ratio (DPR) is presently 45.66%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HP shares. Barclays decreased their target price 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. JPMorgan Chase & Co. cut their price target 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. Susquehanna cut their price target on shares of Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating on the stock in a report on Tuesday, July 1st. TD Cowen cut their price target on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Finally, Citigroup reiterated a "neutral" rating and set a $17.00 price target (down from $19.00) on shares of Helmerich & Payne in a report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne has a consensus rating of "Hold" and an average target price of $26.09.

Check Out Our Latest Stock Report on HP

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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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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