Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by First Dallas Securities Inc.

First Dallas Securities Inc. grew its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,059 shares of the oil and gas company’s stock after purchasing an additional 902 shares during the period. First Dallas Securities Inc.’s holdings in Helmerich & Payne were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in Helmerich & Payne during the fourth quarter worth $35,000. Creekmur Asset Management LLC acquired a new position in Helmerich & Payne during the 4th quarter worth about $60,000. GAMMA Investing LLC purchased a new position in Helmerich & Payne during the 4th quarter valued at about $73,000. Neo Ivy Capital Management acquired a new position in Helmerich & Payne in the 4th quarter valued at about $176,000. Finally, Paragon Capital Management Ltd purchased a new stake in Helmerich & Payne during the first quarter worth about $230,000. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Stock Up 1.5 %

NYSE:HP traded up $0.55 during trading hours on Friday, hitting $36.14. The company’s stock had a trading volume of 1,798,139 shares, compared to its average volume of 1,102,561. The stock has a market capitalization of $3.57 billion, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 3.92 and a beta of 1.47. The stock has a fifty day moving average of $37.15 and a 200-day moving average of $37.97. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. Helmerich & Payne, Inc. has a 52-week low of $32.17 and a 52-week high of $46.55.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.01). Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The business had revenue of $687.94 million during the quarter, compared to analysts’ expectations of $682.51 million. During the same quarter in the previous year, the company posted $1.26 EPS. The company’s revenue was down 10.6% compared to the same quarter last year. On average, equities analysts forecast that Helmerich & Payne, Inc. will post 3.46 earnings per share for the current year.

Helmerich & Payne Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.77%. Helmerich & Payne’s payout ratio is currently 28.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HP. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Citigroup boosted their price target on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Susquehanna reduced their price objective on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, April 26th. Finally, Piper Sandler decreased their target price on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus target price of $42.29.

Insider Transactions at Helmerich & Payne

In related news, SVP Cara M. Hair sold 9,910 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now directly owns 137,764 shares of the company’s stock, valued at $5,540,868.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Mark W. Smith sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the transaction, the chief financial officer now directly owns 144,870 shares in the company, valued at $5,865,786.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $40.22, for a total transaction of $398,580.20. Following the completion of the sale, the senior vice president now owns 137,764 shares of the company’s stock, valued at approximately $5,540,868.08. The disclosure for this sale can be found here. Insiders own 4.38% of the company’s stock.

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.