UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.19 Million Stake in Helmerich & Payne, Inc. $HP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Helmerich & Payne, Inc. (NYSE:HP) by 34.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,621 shares of the oil and gas company’s stock after selling 82,303 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Helmerich & Payne were worth $5,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HP. Leonteq Securities AG bought a new stake in shares of Helmerich & Payne during the 4th quarter valued at $26,000. EverSource Wealth Advisors LLC increased its position in shares of Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 1,582 shares during the period. Parallel Advisors LLC raised its stake in Helmerich & Payne by 407.1% in the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 1,787 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Helmerich & Payne by 24.3% in the fourth quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after purchasing an additional 445 shares in the last quarter. Finally, Strs Ohio acquired a new position in Helmerich & Payne in the first quarter valued at about $101,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HP. Morgan Stanley increased their price objective on shares of Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Susquehanna increased their price target on shares of Helmerich & Payne from $40.00 to $44.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. Citigroup lifted their price objective on shares of Helmerich & Payne from $36.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday. Finally, The Goldman Sachs Group lifted their price target on shares of Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average target price of $42.20.

Insider Transactions at Helmerich & Payne

In related news, CAO Sara Momper sold 5,054 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $44.28, for a total value of $223,791.12. Following the completion of the transaction, the chief accounting officer owned 16,958 shares in the company, valued at $750,900.24. This trade represents a 22.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Cara M. Hair sold 11,149 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $44.27, for a total transaction of $493,566.23. Following the sale, the senior vice president directly owned 136,095 shares in the company, valued at $6,024,925.65. The trade was a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 110,673 shares of company stock worth $4,864,590. Insiders own 4.40% of the company’s stock.

Helmerich & Payne Trading Down 1.6%

NYSE HP opened at $43.67 on Wednesday. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -30.97 and a beta of 0.66. Helmerich & Payne, Inc. has a twelve month low of $19.91 and a twelve month high of $48.17. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average is $38.05 and its 200 day moving average is $37.15.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (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 return on equity of 2.35% and a negative net margin of 3.43%.Helmerich & Payne’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. As a group, sell-side analysts expect that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year.

Helmerich & Payne Company Profile

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.