American Century Companies Inc. Boosts Stock Holdings in Helmerich & Payne, Inc. $HP

Key Points

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American Century Companies Inc. increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,983,840 shares of the oil and gas company's stock after purchasing an additional 325,484 shares during the quarter. American Century Companies Inc. owned 3.00% of Helmerich & Payne worth $77,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. lifted its position in Helmerich & Payne by 4.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock worth $324,000 after purchasing an additional 395 shares during the period. LPL Financial LLC lifted its holdings in shares of Helmerich & Payne by 1.9% in the fourth quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock worth $697,000 after acquiring an additional 408 shares during the last quarter. Ellis Investment Partners LLC lifted its holdings in shares of Helmerich & Payne by 4.5% in the first quarter. Ellis Investment Partners LLC now owns 12,999 shares of the oil and gas company's stock worth $340,000 after acquiring an additional 558 shares during the last quarter. Ridgewood Investments LLC lifted its holdings in shares of Helmerich & Payne by 4.4% in the first quarter. Ridgewood Investments LLC now owns 13,385 shares of the oil and gas company's stock worth $350,000 after acquiring an additional 569 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Helmerich & Payne by 7.6% in the first quarter. Xponance Inc. now owns 8,294 shares of the oil and gas company's stock worth $217,000 after acquiring an additional 587 shares during the last quarter. Institutional investors own 96.05% of the company's stock.

Insider Transactions at Helmerich & Payne

In related 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 owned 21,908 shares of the company's stock, valued at approximately $390,619.64. This trade represents a 23.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.51% of the company's stock.

Helmerich & Payne Trading Up 5.4%

Shares of HP stock traded up $0.9630 during trading hours on Friday, hitting $18.8930. 1,944,398 shares of the company were exchanged, compared to its average volume of 2,412,916. The firm has a market cap of $1.88 billion, a P/E ratio of -57.25 and a beta of 0.87. Helmerich & Payne, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $37.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The company has a 50 day simple moving average of $16.70 and a two-hundred day simple moving average of $20.04.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted $0.92 EPS. Helmerich & Payne's revenue was up 49.2% compared to the same quarter last year. Equities analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HP shares. Royal Bank Of Canada increased their target price on shares of Helmerich & Payne from $23.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, August 8th. Zacks Research upgraded shares of Helmerich & Payne to a "hold" rating in a report on Monday, August 11th. Piper Sandler increased their target price on shares of Helmerich & Payne from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. TD Cowen increased 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. Finally, Barclays decreased their target price 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 investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock 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.