Envestnet Asset Management Inc. Acquires 4,200 Shares of Helmerich & Payne, Inc. (HP)

Envestnet Asset Management Inc. grew its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 97.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,526 shares of the oil and gas company’s stock after purchasing an additional 4,200 shares during the period. Envestnet Asset Management Inc.’s holdings in Helmerich & Payne were worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McCollum Christoferson Group LLC acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at approximately $209,000. IFM Investors Pty Ltd bought a new position in shares of Helmerich & Payne in the fourth quarter valued at $215,000. Eads & Heald Investment Counsel bought a new position in shares of Helmerich & Payne in the fourth quarter valued at $216,000. Greenleaf Trust bought a new position in shares of Helmerich & Payne in the fourth quarter valued at $230,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Helmerich & Payne in the third quarter valued at $241,000.

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Several equities analysts recently weighed in on the stock. Sanford C. Bernstein cut shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. Cowen reissued a “market perform” rating and issued a $60.00 target price (up from $50.00) on shares of Helmerich & Payne in a research note on Friday, January 26th. Jefferies Group reissued a “hold” rating and issued a $69.00 target price on shares of Helmerich & Payne in a research note on Thursday, January 25th. Societe Generale raised shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the stock. Helmerich & Payne presently has an average rating of “Hold” and a consensus price target of $57.20.

In other news, Director Chapman Paula Marshall sold 4,122 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $71.40, for a total value of $294,310.80. Following the completion of the sale, the director now owns 16,647 shares of the company’s stock, valued at $1,188,595.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Juan Pablo Tardio sold 10,880 shares of the business’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $65.90, for a total transaction of $716,992.00. Following the completion of the sale, the chief financial officer now directly owns 16,628 shares of the company’s stock, valued at approximately $1,095,785.20. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.

HP stock opened at $73.05 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.28 and a quick ratio of 2.89. Helmerich & Payne, Inc. has a one year low of $42.16 and a one year high of $75.02. The firm has a market cap of $7,893.93, a price-to-earnings ratio of -57.52 and a beta of 1.33.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a net margin of 20.30% and a negative return on equity of 1.90%. The firm had revenue of $564.10 million during the quarter, compared to analysts’ expectations of $547.64 million. During the same period in the previous year, the business posted ($0.33) earnings per share. The company’s revenue for the quarter was up 53.0% compared to the same quarter last year. sell-side analysts anticipate that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.80 dividend on an annualized basis and a yield of 3.83%. Helmerich & Payne’s dividend payout ratio (DPR) is -220.47%.

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Helmerich & Payne Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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