Essex Investment Management Co. LLC Has $27,000 Stake in Helmerich & Payne, Inc. (NYSE:HP)

Essex Investment Management Co. LLC reduced its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 97.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 733 shares of the oil and gas company's stock after selling 30,706 shares during the quarter. Essex Investment Management Co. LLC's holdings in Helmerich & Payne were worth $27,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HP. Victory Capital Management Inc. raised its position in Helmerich & Payne by 13,372.8% in the third quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company's stock worth $101,958,000 after acquiring an additional 2,400,414 shares in the last quarter. Pacer Advisors Inc. grew its position in 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 worth $98,535,000 after buying an additional 1,541,987 shares during the period. LSV Asset Management increased its holdings in Helmerich & Payne by 11,750.0% in the fourth quarter. LSV Asset Management now owns 568,800 shares of the oil and gas company's stock valued at $20,602,000 after buying an additional 564,000 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Helmerich & Payne by 38.6% during the 3rd quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company's stock valued at $37,861,000 after acquiring an additional 250,130 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Helmerich & Payne by 78.1% during the 3rd quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company's stock worth $21,460,000 after acquiring an additional 223,171 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

Insider Activity at Helmerich & Payne

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

HP has been the subject of a number of research reports. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Piper Sandler reduced their target price on Helmerich & Payne from $44.00 to $39.00 and set a "neutral" rating on the stock in a research note on Monday, May 6th. Susquehanna dropped their price target on Helmerich & Payne from $52.00 to $50.00 and set a "positive" rating for the company in a research report on Friday, April 26th. Royal Bank of Canada boosted their price target on Helmerich & Payne from $46.00 to $48.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 31st. Finally, Citigroup increased their price objective on Helmerich & Payne from $40.00 to $42.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $42.00.

Helmerich & Payne Stock Up 0.7 %

HP stock traded up $0.29 during midday trading on Tuesday, hitting $39.02. 751,400 shares of the company's stock were exchanged, compared to its average volume of 1,275,758. The firm has a 50 day moving average price of $40.80 and a 200-day moving average price of $38.41. Helmerich & Payne, Inc. has a 12-month low of $30.69 and a 12-month high of $46.55. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.87 and a beta of 1.51. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01). Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The company had revenue of $687.94 million for the quarter, compared to analyst estimates of $682.51 million. During the same period in the prior year, the business earned $1.26 earnings per share. Helmerich & Payne's revenue was down 10.6% on a year-over-year basis. On average, analysts anticipate that Helmerich & Payne, Inc. will post 3.56 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne's dividend payout ratio (DPR) is presently 28.57%.

Helmerich & Payne Company 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.