Swiss National Bank Sells 29,500 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Swiss National Bank decreased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,000 shares of the oil and gas company's stock after selling 29,500 shares during the period. Swiss National Bank owned 0.20% of Helmerich & Payne worth $7,099,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HP. Victory Capital Management Inc. grew its stake in Helmerich & Payne by 8.7% in the 4th quarter. Victory Capital Management Inc. now owns 2,628,685 shares of the oil and gas company's stock worth $95,211,000 after acquiring an additional 210,321 shares during the period. Savant Capital LLC lifted its position in Helmerich & Payne by 3.0% during the fourth quarter. Savant Capital LLC now owns 14,882 shares of the oil and gas company's stock worth $539,000 after buying an additional 438 shares during the period. Capital Investment Counsel Inc grew its holdings in Helmerich & Payne by 2.8% in the 4th quarter. Capital Investment Counsel Inc now owns 76,683 shares of the oil and gas company's stock valued at $2,777,000 after buying an additional 2,100 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Helmerich & Payne by 58.1% during the 4th quarter. Russell Investments Group Ltd. now owns 138,675 shares of the oil and gas company's stock valued at $5,023,000 after acquiring an additional 50,980 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in shares of Helmerich & Payne during the 4th quarter worth about $246,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Susquehanna lowered their target price on shares of Helmerich & Payne from $52.00 to $50.00 and set a "positive" rating for the company in a report on Friday, April 26th. Royal Bank of Canada increased their target price on Helmerich & Payne from $46.00 to $48.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 31st. 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 report on Monday, May 6th. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Finally, Citigroup lifted 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 equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $42.00.

Insiders Place Their Bets

In related news, CFO Mark W. Smith sold 16,000 shares of the business's stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $40.49, for a total value of $647,840.00. Following the transaction, the chief financial officer now owns 144,870 shares in the company, valued at $5,865,786.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the firm'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 transaction, the senior vice president now directly owns 137,764 shares of the company's stock, valued at approximately $5,540,868.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Smith sold 16,000 shares of the business'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 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. 4.38% of the stock is currently owned by company insiders.

Helmerich & Payne Stock Down 1.4 %

Shares of HP stock traded down $0.53 during trading hours on Wednesday, reaching $38.50. The company had a trading volume of 1,185,609 shares, compared to its average volume of 1,274,815. The company has a market capitalization of $3.80 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.87 and a beta of 1.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.92 and a current ratio of 2.16. Helmerich & Payne, Inc. has a twelve month low of $30.69 and a twelve month high of $46.55. The stock's fifty day simple moving average is $40.81 and its 200 day simple moving average is $38.41.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.01). The company had revenue of $687.94 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, sell-side analysts expect that Helmerich & Payne, Inc. will post 3.56 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne's dividend payout ratio (DPR) is 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.