Sei Investments Co. Has $2.39 Million Holdings in Helmerich & Payne, Inc. $HP

Sei Investments Co. increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 52.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,255 shares of the oil and gas company’s stock after acquiring an additional 22,850 shares during the quarter. Sei Investments Co.’s holdings in Helmerich & Payne were worth $2,387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Aventail Capital Group LP acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at about $5,464,000. UBS Group AG lifted its position in shares of Helmerich & Payne by 17.5% during the 4th quarter. UBS Group AG now owns 1,215,192 shares of the oil and gas company’s stock worth $34,852,000 after purchasing an additional 180,638 shares during the last quarter. Corigliano Investment Advisers LLC bought a new stake in Helmerich & Payne during the 4th quarter valued at approximately $8,573,000. Deprince Race & Zollo Inc. acquired a new stake in Helmerich & Payne in the 4th quarter valued at approximately $23,120,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Helmerich & Payne in the 4th quarter valued at approximately $1,522,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $37.09 on Friday. The firm has a market capitalization of $3.71 billion, a PE ratio of -26.30 and a beta of 0.61. The company has a current ratio of 1.96, a quick ratio of 1.32 and a debt-to-equity ratio of 0.69. Helmerich & Payne, Inc. has a 1-year low of $15.94 and a 1-year high of $41.82. The business’s 50 day moving average is $34.96 and its 200-day moving average is $35.61.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Sell-side analysts predict that Helmerich & Payne, Inc. will post -0.11 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. Helmerich & Payne’s dividend payout ratio is currently -70.92%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HP shares. Morgan Stanley reissued an “underweight” rating and issued a $36.00 price objective on shares of Helmerich & Payne in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on shares of Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Citigroup cut their target price on shares of Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, June 29th. Barclays increased their price target on shares of Helmerich & Payne from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.20.

About Helmerich & Payne

Helmerich & Payne, Inc is a leading provider of contract drilling services to the oil and gas industry, specializing primarily in onshore drilling operations. The company designs, engineers and operates a fleet of advanced drilling rigs, including its proprietary FlexRigs, which are engineered for high efficiency, safety and rapid mobilization. Alongside core drilling services, Helmerich & Payne offers well intervention, workover and coiled tubing services, positioning itself as a comprehensive drilling solutions partner for exploration and production companies worldwide.

Founded in 1920 and headquartered in Tulsa, Oklahoma, Helmerich & Payne has grown through innovation and strategic expansion to serve diverse hydrocarbon basins.