Systematic Financial Management LP boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 573,271 shares of the oil and gas company's stock after acquiring an additional 20,770 shares during the period. Systematic Financial Management LP owned 0.58% of Helmerich & Payne worth $18,356,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in Helmerich & Payne by 320.2% in the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock valued at $6,035,000 after buying an additional 151,196 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $209,000. Steph & Co. bought a new stake in Helmerich & Payne during the fourth quarter worth about $87,000. SignalPoint Asset Management LLC bought a new position in Helmerich & Payne in the fourth quarter valued at approximately $207,000. Finally, Profit Investment Management LLC increased its position in shares of Helmerich & Payne by 9.4% during the 4th quarter. Profit Investment Management LLC now owns 76,461 shares of the oil and gas company's stock worth $2,448,000 after purchasing an additional 6,546 shares during the last quarter. Institutional investors own 96.05% of the company's stock.
Helmerich & Payne Stock Performance
Shares of HP stock traded down $0.76 during midday trading on Tuesday, hitting $16.06. 3,182,877 shares of the company were exchanged, compared to its average volume of 1,583,425. Helmerich & Payne, Inc. has a 52 week low of $16.00 and a 52 week high of $42.60. The firm's 50 day moving average price is $21.36 and its two-hundred day moving average price is $28.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The firm has a market capitalization of $1.60 billion, a P/E ratio of 5.28, a PEG ratio of 3.52 and a beta of 0.93.
Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $961.03 million. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. As a group, equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.
Helmerich & Payne Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.23%. Helmerich & Payne's dividend payout ratio (DPR) is presently 45.66%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on HP shares. Susquehanna decreased their target price on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Morgan Stanley decreased their price objective on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday. Royal Bank of Canada lowered their price objective on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Barclays cut their target price on shares of Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 14th. Finally, TD Cowen reduced their price target on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $28.80.
Read Our Latest Research Report on HP
Helmerich & Payne Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Helmerich & Payne, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helmerich & Payne wasn't on the list.
While Helmerich & Payne currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
