Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,619 shares of the oil and gas company's stock after selling 144,307 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.26% of Helmerich & Payne worth $9,585,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Helmerich & Payne by 1.8% in the 1st quarter. BlackRock Inc. now owns 17,910,973 shares of the oil and gas company's stock worth $640,317,000 after buying an additional 319,188 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Helmerich & Payne by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 11,891,665 shares of the oil and gas company's stock worth $439,634,000 after buying an additional 86,545 shares during the period. State Street Corp lifted its holdings in shares of Helmerich & Payne by 7.7% in the 1st quarter. State Street Corp now owns 4,335,243 shares of the oil and gas company's stock worth $154,985,000 after buying an additional 310,770 shares during the period. Earnest Partners LLC lifted its holdings in shares of Helmerich & Payne by 4.0% in the 3rd quarter. Earnest Partners LLC now owns 2,929,498 shares of the oil and gas company's stock worth $123,508,000 after buying an additional 113,735 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Helmerich & Payne by 130.8% in the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company's stock worth $98,535,000 after buying an additional 1,541,987 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.

Helmerich & Payne Trading Down 0.8 %

HP stock traded down $0.35 during midday trading on Wednesday, hitting $40.85. 857,807 shares of the company's stock were exchanged, compared to its average volume of 1,296,122. The business has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $38.62. The company has a current ratio of 2.11, a quick ratio of 1.89 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.04 billion, a PE ratio of 9.75, a P/E/G ratio of 8.72 and a beta of 1.51. Helmerich & Payne, Inc. has a 1-year low of $30.41 and a 1-year high of $46.55.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.24. Helmerich & Payne had a return on equity of 15.06% and a net margin of 15.27%. The company had revenue of $677.00 million during the quarter, compared to analysts' expectations of $661.81 million. During the same quarter last year, the firm earned $1.11 earnings per share. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 3.59 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.11%. Helmerich & Payne's payout ratio is presently 23.87%.

Analyst Upgrades and Downgrades

HP has been the subject of several research reports. Citigroup upped their target price on Helmerich & Payne from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday. The Goldman Sachs Group reduced their target price on Helmerich & Payne from $37.00 to $33.00 and set a "sell" rating on the stock in a research report on Friday, January 12th. Piper Sandler upped their target price on Helmerich & Payne from $41.00 to $44.00 and gave the company a "neutral" rating in a research report on Tuesday, February 20th. Benchmark lowered Helmerich & Payne from a "buy" rating to a "hold" rating in a report on Tuesday, January 16th. Finally, Barclays lowered Helmerich & Payne from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $44.00 to $40.00 in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $42.88.

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.