Helmerich & Payne, Inc. (NYSE:HP) Plans Quarterly Dividend of $0.25

Helmerich & Payne, Inc. (NYSE:HP) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Wednesday, November 18th will be paid a dividend of 0.25 per share by the oil and gas company on Wednesday, December 2nd. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, November 18th.

Helmerich & Payne has decreased its dividend by an average of 0.2%per year over the last three years. Helmerich & Payne has a dividend payout ratio of 69.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Helmerich & Payne to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 62.5%.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $41.72 on Thursday. Helmerich & Payne has a 52-week low of $20.32 and a 52-week high of $48.17. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of -29.59 and a beta of 0.66. The company has a fifty day simple moving average of $39.49 and a 200-day simple moving average of $37.51. The company has a quick ratio of 1.55, a current ratio of 1.96 and a debt-to-equity ratio of 0.69.

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). Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $987.70 million. During the same quarter last year, the company earned $0.22 earnings per share. Helmerich & Payne’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts anticipate that Helmerich & Payne will post -0.18 EPS for the current fiscal year.

Insider Transactions at Helmerich & Payne

In related news, SVP Cara Hair sold 11,149 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the sale, the senior vice president directly owned 136,095 shares of the company’s stock, valued at approximately $6,024,925.65. This trade represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hans Helmerich sold 94,470 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total transaction of $4,147,233.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $878,000. This trade represents a 82.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 110,673 shares of company stock worth $4,864,590. 4.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Helmerich & Payne

A number of institutional investors and hedge funds have recently made changes to their positions in HP. William B. Walkup & Associates Inc. raised its stake in shares of Helmerich & Payne by 1.0% during the first quarter. William B. Walkup & Associates Inc. now owns 35,241 shares of the oil and gas company’s stock valued at $1,270,000 after purchasing an additional 355 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Helmerich & Payne by 1.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 22,761 shares of the oil and gas company’s stock worth $653,000 after purchasing an additional 400 shares during the period. Hantz Financial Services Inc. grew its position in Helmerich & Payne by 24.3% in the 4th quarter. Hantz Financial Services Inc. now owns 2,276 shares of the oil and gas company’s stock valued at $65,000 after buying an additional 445 shares in the last quarter. ProShare Advisors LLC grew its position in Helmerich & Payne by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 18,838 shares of the oil and gas company’s stock valued at $540,000 after buying an additional 572 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in Helmerich & Payne by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 23,118 shares of the oil and gas company’s stock valued at $833,000 after buying an additional 762 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and gas exploration and production companies. The company operates drilling rigs and supplies related services used to drill, develop and maintain wells.

H&P’s offerings include its FlexRig fleet of high-performance land rigs, directional drilling, automated drilling technologies and rig management services. These capabilities are designed to support horizontal and other complex well programs, particularly in unconventional oil and natural gas basins.

Founded in 1920 by Walter Helmerich and William Payne, the company is headquartered in Tulsa, Oklahoma.