Tandem Financial LLC Takes Position in Helmerich & Payne, Inc. $HP

Tandem Financial LLC acquired a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,897 shares of the oil and gas company’s stock, valued at approximately $370,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Helmerich & Payne by 2,433.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,647 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 1,582 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Helmerich & Payne in the fourth quarter worth about $26,000. Rothschild Investment LLC lifted its position in shares of Helmerich & Payne by 1,377.8% in the third quarter. Rothschild Investment LLC now owns 1,330 shares of the oil and gas company’s stock worth $29,000 after buying an additional 1,240 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Helmerich & Payne by 184.3% in the third quarter. Hantz Financial Services Inc. now owns 1,831 shares of the oil and gas company’s stock worth $40,000 after buying an additional 1,187 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Helmerich & Payne by 407.1% in the third quarter. Parallel Advisors LLC now owns 2,226 shares of the oil and gas company’s stock worth $49,000 after buying an additional 1,787 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HP shares. Royal Bank Of Canada boosted their target price on Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Morgan Stanley boosted their target price on Helmerich & Payne from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Friday, March 27th. Barclays boosted their target price on Helmerich & Payne from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, TD Cowen boosted their target price on Helmerich & Payne from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.70.

Insider Activity at Helmerich & Payne

In other news, SVP Cara M. Hair sold 58,771 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $36.62, for a total transaction of $2,152,194.02. Following the transaction, the senior vice president owned 175,589 shares of the company’s stock, valued at approximately $6,430,069.18. This represents a 25.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.40% of the company’s stock.

Helmerich & Payne Trading Up 2.6%

Shares of HP stock opened at $39.14 on Tuesday. Helmerich & Payne, Inc. has a 1 year low of $15.08 and a 1 year high of $41.82. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.32. The stock’s 50 day simple moving average is $37.48 and its two-hundred day simple moving average is $33.61. The company has a market cap of $3.91 billion, a PE ratio of -10.33 and a beta of 0.59.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, May 6th. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.32). The business had revenue of $932.36 million for the quarter, compared to the consensus estimate of $945.60 million. Helmerich & Payne had a negative net margin of 9.38% and a negative return on equity of 1.16%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. Research analysts predict that Helmerich & Payne, Inc. will post 0.02 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. Helmerich & Payne’s dividend payout ratio is currently -26.39%.

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.