Mitsubishi UFJ Trust & Banking Corp Sells 37,337 Shares of Helmerich & Payne, Inc. $HP

Mitsubishi UFJ Trust & Banking Corp lessened its position in Helmerich & Payne, Inc. (NYSE:HP) by 79.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,736 shares of the oil and gas company’s stock after selling 37,337 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Helmerich & Payne were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in shares of Helmerich & Payne by 234.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 383,437 shares of the oil and gas company’s stock worth $8,470,000 after buying an additional 268,882 shares during the last quarter. Fairfax Financial Holdings Ltd. Can lifted its stake in shares of Helmerich & Payne by 20.5% during the 3rd quarter. Fairfax Financial Holdings Ltd. Can now owns 1,174,105 shares of the oil and gas company’s stock worth $25,948,000 after buying an additional 200,000 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Helmerich & Payne by 61.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 117,958 shares of the oil and gas company’s stock worth $2,606,000 after buying an additional 44,906 shares during the last quarter. Private Advisory Group LLC acquired a new stake in shares of Helmerich & Payne during the 4th quarter worth about $1,407,000. Finally, Deprince Race & Zollo Inc. acquired a new stake in shares of Helmerich & Payne during the 4th quarter worth about $23,120,000. Institutional investors own 96.05% of the company’s stock.

Insiders Place Their Bets

In other Helmerich & Payne news, SVP Cara M. Hair sold 58,771 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 175,589 shares of the company’s stock, valued at $6,430,069.18. The trade was a 25.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.40% of the stock is owned by insiders.

Helmerich & Payne Price Performance

HP stock opened at $39.97 on Thursday. The company has a 50 day simple moving average of $35.87 and a 200 day simple moving average of $31.89. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of -12.53 and a beta of 0.62. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $41.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.03 and a quick ratio of 1.58.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, May 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.32). Helmerich & Payne had a positive return on equity of 0.28% and a negative net margin of 7.71%.During the same quarter last year, the firm earned $0.01 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. Research analysts anticipate that Helmerich & Payne, Inc. will post 0.11 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 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 2.5%. The ex-dividend date of this dividend is Monday, May 18th. Helmerich & Payne’s payout ratio is presently -31.35%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HP shares. Evercore raised shares of Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $43.00 price objective for the company in a report on Friday, March 20th. Susquehanna boosted their target price on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “positive” rating in a research report on Tuesday, April 7th. TD Cowen upped their price objective on shares of Helmerich & Payne from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, February 9th. Royal Bank Of Canada upped their price objective on shares of Helmerich & Payne from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Helmerich & Payne in a research report on Friday, March 27th. Five research 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, Helmerich & Payne has an average rating of “Hold” and an average price target of $37.80.

About Helmerich & Payne

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.