Victory Capital Management Inc. Has $92.81 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Victory Capital Management Inc. increased its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 28.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,553,181 shares of the oil and gas company's stock after acquiring an additional 786,250 shares during the period. Victory Capital Management Inc. owned approximately 3.58% of Helmerich & Payne worth $92,809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc grew its holdings in Helmerich & Payne by 104.2% during the first quarter. Versant Capital Management Inc now owns 1,699 shares of the oil and gas company's stock worth $44,000 after acquiring an additional 867 shares during the period. Covestor Ltd boosted its position in shares of Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after purchasing an additional 907 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Helmerich & Payne by 817.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock worth $98,000 after purchasing an additional 2,714 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Helmerich & Payne by 85.4% in the 1st quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock worth $83,000 after purchasing an additional 1,459 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Helmerich & Payne by 120.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,533 shares of the oil and gas company's stock worth $113,000 after purchasing an additional 1,932 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Down 2.8%

NYSE:HP traded down $0.45 during trading hours on Friday, hitting $15.54. 1,671,307 shares of the company's stock traded hands, compared to its average volume of 1,769,924. The stock's fifty day moving average price is $16.72 and its two-hundred day moving average price is $23.10. The firm has a market cap of $1.54 billion, a P/E ratio of 7.10 and a beta of 0.82. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.68. Helmerich & Payne, Inc. has a twelve month low of $14.65 and a twelve month high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share 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%. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 6.44%. Helmerich & Payne's dividend payout ratio is presently 45.66%.

Wall Street Analysts Forecast Growth

HP has been the subject of a number of research reports. Piper Sandler started coverage on shares of Helmerich & Payne in a report on Monday. They set a "neutral" rating and a $20.00 target price for the company. Morgan Stanley reduced their price objective on Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a research note on Friday, May 16th. Barclays decreased their target price on Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, June 20th. The Goldman Sachs Group reduced their target price on Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, June 24th. Finally, Wall Street Zen cut Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.10.

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.