Helmerich & Payne, Inc. $HP Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,761 shares of the oil and gas company’s stock after purchasing an additional 8,369 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Helmerich & Payne were worth $1,543,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Helmerich & Payne by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 5,483,028 shares of the oil and gas company’s stock worth $143,209,000 after purchasing an additional 71,168 shares during the period. Victory Capital Management Inc. raised its holdings in Helmerich & Payne by 28.4% during the first quarter. Victory Capital Management Inc. now owns 3,553,181 shares of the oil and gas company’s stock worth $92,809,000 after purchasing an additional 786,250 shares in the last quarter. American Century Companies Inc. raised its holdings in Helmerich & Payne by 12.2% during the first quarter. American Century Companies Inc. now owns 2,983,840 shares of the oil and gas company’s stock worth $77,938,000 after purchasing an additional 325,484 shares in the last quarter. Invesco Ltd. raised its holdings in Helmerich & Payne by 24.7% during the first quarter. Invesco Ltd. now owns 2,704,134 shares of the oil and gas company’s stock worth $70,632,000 after purchasing an additional 535,808 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Helmerich & Payne by 16.8% during the first quarter. LSV Asset Management now owns 1,504,671 shares of the oil and gas company’s stock worth $39,302,000 after purchasing an additional 216,560 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on HP shares. TD Cowen increased their price target on shares of Helmerich & Payne from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, August 19th. Citigroup increased their price target on shares of Helmerich & Payne from $17.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Zacks Research raised Helmerich & Payne to a “hold” rating in a report on Monday, August 11th. The Goldman Sachs Group raised their target price on Helmerich & Payne from $18.00 to $20.00 and gave the company a “sell” rating in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Helmerich & Payne in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $24.20.

Insider Activity

In other news, CAO Sara Marie Momper sold 6,700 shares of Helmerich & Payne stock in a transaction on Monday, August 18th. The stock was sold at an average price of $17.83, for a total transaction of $119,461.00. Following the completion of the transaction, the chief accounting officer owned 21,908 shares of the company’s stock, valued at $390,619.64. The trade was a 23.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.51% of the stock is owned by company insiders.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $26.70 on Friday. Helmerich & Payne, Inc. has a one year low of $14.65 and a one year high of $37.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.43 and a current ratio of 1.84. The business has a fifty day moving average of $22.19 and a two-hundred day moving average of $19.03. The company has a market cap of $2.66 billion, a P/E ratio of -80.91 and a beta of 0.91.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Helmerich & Payne had a positive return on equity of 5.81% and a negative net margin of 0.90%.The business’s revenue was up 49.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, analysts predict that Helmerich & Payne, Inc. will post 2.93 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 Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, November 18th. Helmerich & Payne’s payout ratio is -303.03%.

About Helmerich & Payne

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.