Intech Investment Management LLC Has $1.19 Million Holdings in Helmerich & Payne, Inc. $HP

Intech Investment Management LLC cut its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 40.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 41,593 shares of the oil and gas company’s stock after selling 28,449 shares during the quarter. Intech Investment Management LLC’s holdings in Helmerich & Payne were worth $1,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its holdings in shares of 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 valued at $653,000 after purchasing an additional 400 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Helmerich & Payne by 1.4% in the third quarter. Arizona State Retirement System now owns 29,418 shares of the oil and gas company’s stock valued at $650,000 after purchasing an additional 416 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Helmerich & Payne by 21.3% in the third quarter. Smartleaf Asset Management LLC now owns 2,487 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 437 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of 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 during the last quarter. Finally, KLCM Advisors Inc. raised its holdings in shares of Helmerich & Payne by 5.5% in the fourth quarter. KLCM Advisors Inc. now owns 10,550 shares of the oil and gas company’s stock valued at $303,000 after purchasing an additional 550 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

Shares of HP opened at $37.44 on Friday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of -9.88 and a beta of 0.59. Helmerich & Payne, Inc. has a 1-year low of $15.08 and a 1-year high of $41.82. The company’s fifty day simple moving average is $37.63 and its 200 day simple moving average is $33.89. The company has a current ratio of 1.71, a quick ratio of 1.32 and a debt-to-equity ratio of 0.71.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.32). The firm had revenue of $932.36 million for the quarter, compared to analyst estimates of $945.60 million. Helmerich & Payne had a negative return on equity of 1.16% and a negative net margin of 9.38%.Helmerich & Payne’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, research analysts forecast that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s payout ratio is presently -26.39%.

Insiders Place Their Bets

In related news, SVP Cara M. Hair sold 58,771 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the transaction, the senior vice president directly owned 175,589 shares in the company, valued at approximately $6,430,069.18. The trade was a 25.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HP. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helmerich & Payne in a report on Friday, March 27th. Morgan Stanley lifted their price objective on shares of Helmerich & Payne from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Thursday, May 14th. Barclays lifted their price objective 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. The Goldman Sachs Group lifted their price objective on shares of Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Royal Bank Of Canada raised their target price on shares of Helmerich & Payne from $38.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.60.

Helmerich & Payne 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.