Quantbot Technologies LP Buys 18,701 Shares of Helmerich & Payne, Inc. $HP

Key Points

• Quantbot Technologies LP has significantly increased its stake in Helmerich & Payne, Inc. by 302.6%, now owning 24,882 shares valued at approximately $650,000.
• Helmerich & Payne reported Q1 earnings of $0.22 per share, surpassing estimates, with a year-over-year revenue increase of 49.2% to $1.04 billion.
• The company announced a quarterly dividend of $0.25 per share, providing an annualized yield of 5.3%, with the dividend payout ratio currently at -303.03%.

Quantbot Technologies LP increased its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 302.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,882 shares of the oil and gas company's stock after acquiring an additional 18,701 shares during the quarter. Quantbot Technologies LP's holdings in Helmerich & Payne were worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of Helmerich & Payne by 104.2% in the 1st 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 in the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 1,459 shares in the last quarter. Tower Research Capital LLC TRC increased its stake 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 acquiring an additional 1,932 shares in the last quarter. CWM LLC grew its position in Helmerich & Payne by 37.8% during the 1st 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 during the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in Helmerich & Payne during the 4th quarter valued at about $210,000. 96.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Helmerich & Payne news, CAO Sara Marie Momper sold 6,700 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $17.83, for a total transaction of $119,461.00. Following the sale, the chief accounting officer owned 21,908 shares in the company, valued at approximately $390,619.64. This trade represents a 23.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.51% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on HP shares. Piper Sandler increased their price objective 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. Citigroup reissued a "neutral" rating and set a $17.00 price objective (down from $19.00) on shares of Helmerich & Payne in a research report on Thursday, June 26th. Wall Street Zen downgraded shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Morgan Stanley dropped their price target on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating on the stock in a report on Friday, May 16th. Finally, Barclays dropped their price target on shares of Helmerich & Payne from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Friday, June 20th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $22.20.

Helmerich & Payne Stock Performance

Shares of HP traded up $0.70 on Friday, reaching $20.92. The company's stock had a trading volume of 2,134,043 shares, compared to its average volume of 2,435,499. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 1.43. The stock has a market capitalization of $2.08 billion, a P/E ratio of -63.41 and a beta of 0.87. The stock's 50 day simple moving average is $16.92 and its two-hundred day simple moving average is $19.69. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $37.46.

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

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 4.8%. Helmerich & Payne's dividend payout ratio (DPR) is presently -303.03%.

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.