4,870 Shares in Helmerich & Payne, Inc. (NYSE:HP) Bought by Saxon Interests Inc.

Saxon Interests Inc. bought a new position in Helmerich & Payne, Inc. (NYSE:HP) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,870 shares of the oil and gas company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ridgewood Investments LLC raised its holdings in Helmerich & Payne by 2.5% during the first quarter. Ridgewood Investments LLC now owns 12,852 shares of the oil and gas company’s stock valued at $541,000 after acquiring an additional 308 shares during the period. AlphaMark Advisors LLC raised its holdings in Helmerich & Payne by 5.8% during the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $230,000 after acquiring an additional 346 shares during the period. Marathon Capital Management raised its holdings in Helmerich & Payne by 0.4% during the fourth quarter. Marathon Capital Management now owns 109,315 shares of the oil and gas company’s stock valued at $3,959,000 after acquiring an additional 409 shares during the period. Savant Capital LLC raised its holdings in Helmerich & Payne by 3.0% during the fourth quarter. Savant Capital LLC now owns 14,882 shares of the oil and gas company’s stock valued at $539,000 after acquiring an additional 438 shares during the period. Finally, M&T Bank Corp grew its position in shares of Helmerich & Payne by 5.7% during the fourth quarter. M&T Bank Corp now owns 8,510 shares of the oil and gas company’s stock valued at $308,000 after purchasing an additional 457 shares in the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Trading Down 0.2 %

HP opened at $35.68 on Wednesday. The firm has a market cap of $3.52 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.98 and a beta of 1.48. Helmerich & Payne, Inc. has a 12 month low of $32.17 and a 12 month high of $46.55. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $36.91 and a 200 day moving average of $37.98.

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

Helmerich & Payne Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.80%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara M. Hair sold 9,910 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total transaction of $398,580.20. Following the completion of the transaction, the senior vice president now owns 137,764 shares in the company, valued at $5,540,868.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Mark W. Smith sold 16,000 shares of Helmerich & Payne 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 completion of the sale, the chief financial officer now owns 144,870 shares of the company’s stock, valued at $5,865,786.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of Helmerich & Payne stock in a transaction that occurred 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 sale, the senior vice president now directly 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. Company insiders own 4.38% of the company’s stock.

Wall Street Analyst Weigh In

HP has been the subject of a number of research analyst reports. Susquehanna cut their price objective on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, April 26th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Piper Sandler cut their price objective on Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 6th. Finally, Citigroup raised their price objective on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Two equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $42.29.

Helmerich & Payne Profile

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.