Fisher Asset Management LLC Sells 278,484 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Fisher Asset Management LLC lowered its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 17.5% 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 1,317,270 shares of the oil and gas company's stock after selling 278,484 shares during the quarter. Fisher Asset Management LLC owned approximately 1.33% of Helmerich & Payne worth $47,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of HP. Victory Capital Management Inc. lifted its stake in shares of Helmerich & Payne by 13,372.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company's stock valued at $101,958,000 after acquiring an additional 2,400,414 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Helmerich & Payne by 130.8% during the fourth quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company's stock valued at $98,535,000 after purchasing 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. Finally, 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. 96.05% of the stock is currently owned by institutional investors.

Insider Transactions at Helmerich & Payne

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HP. Barclays lowered shares of Helmerich & Payne from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $44.00 to $40.00 in a report on Wednesday, January 10th. 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 note on Friday, January 12th. Royal Bank of Canada upped their target price on Helmerich & Payne from $46.00 to $48.00 and gave the company a "sector perform" rating in a report on Wednesday, January 31st. Piper Sandler boosted their price objective on shares of Helmerich & Payne from $41.00 to $44.00 and gave the company a "neutral" rating in a research report on Tuesday, February 20th. Finally, Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Helmerich & Payne currently has an average rating of "Hold" and a consensus price target of $42.63.

Helmerich & Payne Stock Up 1.7 %

NYSE:HP traded up $0.64 during mid-day trading on Friday, hitting $38.47. 1,091,770 shares of the company's stock were exchanged, compared to its average volume of 1,206,599. The company has a market cap of $3.80 billion, a PE ratio of 10.99, a P/E/G ratio of 1.82 and a beta of 1.51. 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, Inc. has a one year low of $30.41 and a one year high of $46.55. The business has a fifty day moving average price of $40.77 and a 200 day moving average price of $38.59.

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

Helmerich & Payne Dividend Announcement

The business also recently announced 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 of this dividend is Thursday, May 16th. Helmerich & Payne's dividend payout ratio (DPR) is 28.57%.

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.