Invesco Ltd. Has $70.63 Million Holdings in Helmerich & Payne, Inc. $HP

Key Points

• Invesco Ltd. increased its stakes in Helmerich & Payne, owning 2,704,134 shares valued at $70.63 million after a 24.7% increase during the first quarter.
• Analysts have mixed ratings for Helmerich & Payne, with the stock receiving a consensus rating of "Hold" and a target price of $22.10.
• Helmerich & Payne announced a quarterly dividend of $0.25, with a dividend yield of 5.7%, but currently has a payout ratio of -303.03%.

Invesco Ltd. raised its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 24.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,704,134 shares of the oil and gas company's stock after buying an additional 535,808 shares during the quarter. Invesco Ltd. owned approximately 2.72% of Helmerich & Payne worth $70,632,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of 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 valued at $44,000 after purchasing an additional 867 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Helmerich & Payne by 817.5% during the fourth quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock valued at $98,000 after purchasing an additional 2,714 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Helmerich & Payne by 85.4% during the first quarter. GAMMA Investing LLC now owns 3,167 shares of the oil and gas company's stock valued at $83,000 after purchasing an additional 1,459 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Helmerich & Payne by 120.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,533 shares of the oil and gas company's stock valued at $113,000 after purchasing an additional 1,932 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Helmerich & Payne by 37.8% during the first quarter. CWM LLC now owns 5,671 shares of the oil and gas company's stock valued at $148,000 after purchasing an additional 1,555 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Price Performance

Helmerich & Payne stock traded up $0.1450 during midday trading on Thursday, hitting $17.8950. The company's stock had a trading volume of 1,844,156 shares, compared to its average volume of 2,443,795. The company has a quick ratio of 1.43, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average price is $16.69 and its 200-day moving average price is $20.13. Helmerich & Payne, Inc. has a 12 month low of $14.65 and a 12 month high of $37.46. The company has a market capitalization of $1.78 billion, a PE ratio of -54.23 and a beta of 0.87.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 EPS for the quarter, topping 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 firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Helmerich & Payne's revenue for the quarter was up 49.2% compared to the same quarter last year. Analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a $0.25 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 5.6%. Helmerich & Payne's payout ratio is -303.03%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating on the stock in a research note on Tuesday, June 24th. Zacks Research upgraded shares of Helmerich & Payne to a "hold" rating in a research note on Monday, August 11th. Piper Sandler lifted their price objective on shares of Helmerich & Payne from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Royal Bank Of Canada lifted their price objective on shares of Helmerich & Payne from $23.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, August 8th. Finally, TD Cowen lifted their price objective on shares of Helmerich & Payne from $26.00 to $27.00 and gave the company a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Helmerich & Payne has a consensus rating of "Reduce" and an average price target of $22.20.

Insider Buying and Selling

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $17.83, for a total value of $119,461.00. Following the sale, the chief accounting officer directly owned 21,908 shares in the company, valued at approximately $390,619.64. The trade was a 23.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.51% of the company's stock.

Helmerich & Payne 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.