Jefferies Financial Group Inc. Acquires New Position in Helmerich & Payne, Inc. (NYSE:HP)

Jefferies Financial Group Inc. bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,582 shares of the oil and gas company’s stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in shares of Helmerich & Payne in the fourth quarter worth approximately $27,000. Covestor Ltd boosted its holdings in shares of Helmerich & Payne by 61.3% in the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 907 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Helmerich & Payne by 82.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock valued at $88,000 after purchasing an additional 1,268 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Helmerich & Payne by 817.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company’s stock valued at $98,000 after buying an additional 2,714 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Helmerich & Payne by 120.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,533 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,932 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Trading Down 1.9%

NYSE HP opened at $17.82 on Monday. The stock has a market cap of $1.77 billion, a P/E ratio of 5.86, a PEG ratio of 3.52 and a beta of 0.93. The company’s fifty day simple moving average is $21.53 and its 200-day simple moving average is $28.27. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a 52 week low of $17.49 and a 52 week high of $42.60.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.63). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Equities research analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio is currently 45.66%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HP. Argus upgraded Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Citigroup reduced their price objective on Helmerich & Payne from $32.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. TD Cowen decreased their target price on Helmerich & Payne from $28.00 to $26.00 and set a “hold” rating for the company in a report on Friday, May 9th. Royal Bank of Canada dropped their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Finally, Susquehanna reduced their price target on shares of Helmerich & Payne from $43.00 to $28.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $29.40.

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.