Universal Beteiligungs und Servicegesellschaft mbH Lowers Position in Helmerich & Payne, Inc. (NYSE:HP)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Helmerich & Payne by 15.1%, holding 204,334 shares valued at approximately $5.34 million after selling 36,218 shares in Q1.
• Helmerich & Payne reported a miss in earnings per share for the recent quarter, with $0.02 EPS, significantly below the consensus estimate of $0.65, despite a 47.7% increase in revenue year-over-year.
• The company declared a $0.25 quarterly dividend for shareholders, representing a 5.98% dividend yield and a payout ratio of 45.66%.

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 15.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 204,334 shares of the oil and gas company's stock after selling 36,218 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.21% of Helmerich & Payne worth $5,337,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sei Investments Co. raised its position in Helmerich & Payne by 4.3% in the fourth quarter. Sei Investments Co. now owns 33,116 shares of the oil and gas company's stock worth $1,060,000 after acquiring an additional 1,357 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Helmerich & Payne in the 4th quarter worth about $644,000. LPL Financial LLC grew its position in Helmerich & Payne by 1.9% during the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock valued at $697,000 after purchasing an additional 408 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Helmerich & Payne by 21.7% during the 4th quarter. JPMorgan Chase & Co. now owns 721,831 shares of the oil and gas company's stock valued at $23,113,000 after acquiring an additional 128,501 shares during the period. Finally, Norges Bank bought a new position in shares of Helmerich & Payne in the 4th quarter worth approximately $21,572,000. Institutional investors own 96.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen cut shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. TD Cowen cut their price objective on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday, May 9th. Susquehanna cut their target price on shares of Helmerich & Payne from $24.00 to $23.00 and set a "positive" rating for the company in a report on Tuesday, July 1st. The Goldman Sachs Group cut their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "sell" rating for the company in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $23.10.

Helmerich & Payne Stock Up 4.6%

Shares of HP stock traded up $0.77 on Monday, hitting $17.51. The stock had a trading volume of 1,536,225 shares, compared to its average volume of 1,800,826. The company has a quick ratio of 1.32, a current ratio of 1.68 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average price of $16.45 and a 200 day moving average price of $22.15. The company has a market cap of $1.74 billion, a PE ratio of 8.00 and a beta of 0.82. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $40.84.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). Helmerich & Payne had a return on equity of 8.25% and a net margin of 7.15%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $961.03 million. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. Research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 5.71%. Helmerich & Payne's dividend payout ratio is currently 45.66%.

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.