Victory Capital Management Inc. Grows Stake in Helmerich & Payne, Inc. (NYSE:HP)

Victory Capital Management Inc. lifted its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,628,685 shares of the oil and gas company's stock after buying an additional 210,321 shares during the period. Victory Capital Management Inc. owned about 2.66% of Helmerich & Payne worth $95,211,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HP. Pacer Advisors Inc. boosted its holdings in Helmerich & Payne by 130.8% during the 4th quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company's stock valued at $98,535,000 after acquiring an additional 1,541,987 shares during the period. Wellington Management Group LLP grew its holdings in shares of Helmerich & Payne by 38.6% in the third quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company's stock worth $37,861,000 after purchasing an additional 250,130 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Helmerich & Payne by 78.1% in the third quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company's stock worth $21,460,000 after buying an additional 223,171 shares during the period. Envestnet Asset Management Inc. raised its holdings in Helmerich & Payne by 98.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 419,766 shares of the oil and gas company's stock valued at $17,697,000 after buying an additional 208,447 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in shares of Helmerich & Payne by 51.6% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 559,491 shares of the oil and gas company's stock valued at $23,588,000 after purchasing an additional 190,400 shares in the last quarter. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

NYSE:HP traded up $0.65 during trading hours on Friday, hitting $38.48. 1,091,770 shares of the company were exchanged, compared to its average volume of 1,306,285. The company's 50 day moving average price is $40.76 and its 200-day moving average price is $38.62. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 1.84 and a beta of 1.51. Helmerich & Payne, Inc. has a 52-week low of $30.41 and a 52-week high of $46.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.16 and a quick ratio of 1.92.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.01). The company had revenue of $687.94 million for the quarter, compared to analyst estimates of $682.51 million. Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The firm's revenue was down 10.6% on a year-over-year basis. During the same period last year, the business earned $1.26 earnings per share. As a group, research analysts forecast that Helmerich & Payne, Inc. will post 3.57 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.37%. The ex-dividend date is Thursday, May 16th. Helmerich & Payne's payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HP shares. Citigroup raised their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Piper Sandler upped their price target on Helmerich & Payne from $41.00 to $44.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 20th. Barclays cut shares of Helmerich & Payne from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. Susquehanna dropped their target price on Helmerich & Payne from $52.00 to $50.00 and set a "positive" rating on the stock in a report on Friday, April 26th. Finally, Royal Bank of Canada raised their price objective on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 31st. 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 stock. According to data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $42.63.

Insider Activity

In other Helmerich & Payne news, CFO Mark W. Smith sold 16,000 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the transaction, the chief financial officer now directly owns 144,870 shares in the company, valued at $5,865,786.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Cara M. Hair sold 9,910 shares of the company's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.22, for a total transaction of $398,580.20. Following the completion of the sale, the senior vice president now owns 137,764 shares of the company's stock, valued at $5,540,868.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark W. Smith sold 16,000 shares of the firm's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the transaction, the chief financial officer now directly owns 144,870 shares in the company, valued at $5,865,786.30. The disclosure for this sale can be found here. Company insiders own 4.38% 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.