Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in Helmerich & Payne, Inc. $HP

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Helmerich & Payne by 82.0% in Q4, selling 148,500 shares and leaving it with 32,527 shares valued at about $938,000.
• Helmerich & Payne reported Q results that missed EPS estimates (loss of $0.15 vs. $0.12 expected) but saw revenue rise to $1.02 billion (+50.2% YoY), and announced a quarterly dividend of $0.25 per share (annualized $1.00, yield 2.5%, ex-dividend May 18).
• Institutional ownership is high at 96.05% with large stake increases from firms like Balyasny, Ameriprise and Millennium, while insider SVP Cara M. Hair sold 58,771 shares; analysts average a "Hold" rating with a $37.80 target.

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,527 shares of the oil and gas company's stock after selling 148,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Helmerich & Payne were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of HP. Balyasny Asset Management L.P. boosted its stake in Helmerich & Payne by 174.1% in the second quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company's stock worth $30,993,000 after buying an additional 1,298,510 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Helmerich & Payne by 316.9% in the third quarter. Ameriprise Financial Inc. now owns 1,218,057 shares of the oil and gas company's stock worth $26,907,000 after buying an additional 925,921 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Helmerich & Payne in the fourth quarter worth approximately $23,120,000. Bridgeway Capital Management LLC purchased a new stake in Helmerich & Payne in the second quarter worth approximately $7,841,000. Finally, Millennium Management LLC boosted its stake in Helmerich & Payne by 439.3% in the third quarter. Millennium Management LLC now owns 614,884 shares of the oil and gas company's stock worth $13,583,000 after buying an additional 500,863 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

NYSE:HP opened at $40.45 on Monday. The firm has a market cap of $4.04 billion, a PE ratio of -12.68 and a beta of 0.62. Helmerich & Payne, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $41.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.03. The business has a 50 day moving average price of $35.66 and a 200-day moving average price of $31.64.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.27). The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $990.16 million. Helmerich & Payne had a negative net margin of 7.71% and a positive return on equity of 0.28%. The business's revenue for the quarter was up 50.2% compared to the same quarter last year. During the same period last year, the company posted $0.71 EPS. Equities research analysts predict that Helmerich & Payne, Inc. will post 0.12 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, May 18th. Helmerich & Payne's dividend payout ratio is currently -31.35%.

Wall Street Analysts Forecast Growth

HP has been the subject of several research reports. Citigroup upped their target price on Helmerich & Payne from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 11th. Susquehanna increased their price objective on Helmerich & Payne from $40.00 to $42.00 and gave the company a "positive" rating in a research note on Tuesday, April 7th. Royal Bank Of Canada increased their price objective on Helmerich & Payne from $34.00 to $36.00 and gave the company a "sector perform" rating in a research note on Friday, February 6th. Evercore raised Helmerich & Payne from an "in-line" rating to an "outperform" rating and set a $43.00 price objective for the company in a research note on Friday, March 20th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $32.00 price objective on shares of Helmerich & Payne in a research note on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Helmerich & Payne currently has an average rating of "Hold" and an average target price of $37.80.

Insider Activity at Helmerich & Payne

In related news, SVP Cara M. Hair sold 58,771 shares of the company's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the completion of the transaction, the senior vice president owned 175,589 shares in the company, valued at $6,430,069.18. This represents a 25.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Helmerich & Payne Profile

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.

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