Systematic Financial Management LP Has $15.86 Million Stock Position in Helmerich & Payne, Inc. $HP

Key Points

• Systematic Financial Management LP has increased its stake in Helmerich & Payne, Inc. by 5.9%, acquiring a total of 606,995 shares worth approximately $15.85 million.
• Helmerich & Payne recently reported a quarterly earnings per share of $0.22, exceeding analysts' expectations, while its revenue grew 49.2% compared to the previous year.
• The company announced a quarterly dividend of $0.25 per share, representing a 5.3% dividend yield, with an ex-dividend date of August 15th.

Systematic Financial Management LP grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 606,995 shares of the oil and gas company's stock after purchasing an additional 33,724 shares during the period. Systematic Financial Management LP owned about 0.61% of Helmerich & Payne worth $15,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. AlphaQuest LLC grew its position in shares of Helmerich & Payne by 60.3% during the 1st quarter. AlphaQuest LLC now owns 25,621 shares of the oil and gas company's stock worth $669,000 after purchasing an additional 9,641 shares in the last quarter. Sprott Inc. grew its position in shares of Helmerich & Payne by 15.4% during the 1st quarter. Sprott Inc. now owns 684,273 shares of the oil and gas company's stock worth $17,873,000 after purchasing an additional 91,204 shares in the last quarter. Integrated Investment Consultants LLC grew its position in shares of Helmerich & Payne by 13.1% during the 1st quarter. Integrated Investment Consultants LLC now owns 10,387 shares of the oil and gas company's stock worth $271,000 after purchasing an additional 1,201 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Helmerich & Payne by 302.6% during the 1st quarter. Quantbot Technologies LP now owns 24,882 shares of the oil and gas company's stock worth $650,000 after purchasing an additional 18,701 shares in the last quarter. Finally, Versor Investments LP acquired a new stake in shares of Helmerich & Payne during the 1st quarter worth approximately $666,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Insiders Place Their Bets

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of Helmerich & Payne 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 directly owned 21,908 shares of the company's stock, valued at approximately $390,619.64. The trade was a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.51% of the company's stock.

Helmerich & Payne Trading Up 1.8%

NYSE HP traded up $0.36 during mid-day trading on Thursday, reaching $20.13. 743,258 shares of the stock were exchanged, compared to its average volume of 1,990,829. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $37.46. The stock has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $19.83. The stock has a market cap of $2.00 billion, a P/E ratio of -60.97 and a beta of 0.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter last year, the firm earned $0.92 earnings per share. Helmerich & Payne's quarterly revenue was up 49.2% on a year-over-year basis. On average, analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business 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. This represents a $1.00 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, August 15th. Helmerich & Payne's payout ratio is -303.03%.

Analyst Upgrades and Downgrades

HP has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Citigroup reiterated a "neutral" rating and set a $17.00 price target (down previously from $19.00) on shares of Helmerich & Payne in a research report on Thursday, June 26th. Royal Bank Of Canada increased their price target 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. TD Cowen raised their target price on shares of Helmerich & Payne from $26.00 to $27.00 and gave the company a "hold" rating in a research report on Tuesday, August 19th. Finally, Wall Street Zen lowered shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $22.20.

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.