Versor Investments LP Cuts Stake in Helmerich & Payne, Inc. $HP

Versor Investments LP cut its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 58.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,564 shares of the oil and gas company’s stock after selling 14,948 shares during the quarter. Versor Investments LP’s holdings in Helmerich & Payne were worth $160,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Atria Investments Inc increased its stake in Helmerich & Payne by 22.1% during the 2nd quarter. Atria Investments Inc now owns 14,581 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 2,641 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Helmerich & Payne by 4.5% during the second quarter. Teacher Retirement System of Texas now owns 15,088 shares of the oil and gas company’s stock valued at $229,000 after buying an additional 651 shares during the last quarter. Y Intercept Hong Kong Ltd increased its position in shares of Helmerich & Payne by 255.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 85,169 shares of the oil and gas company’s stock valued at $1,291,000 after acquiring an additional 61,194 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Helmerich & Payne by 9.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 101,761 shares of the oil and gas company’s stock worth $1,543,000 after acquiring an additional 8,369 shares during the last quarter. Finally, AlphaQuest LLC lifted its position in Helmerich & Payne by 18.0% in the 2nd quarter. AlphaQuest LLC now owns 30,226 shares of the oil and gas company’s stock valued at $458,000 after acquiring an additional 4,605 shares in the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 0.6%

Helmerich & Payne stock opened at $26.21 on Friday. Helmerich & Payne, Inc. has a 52-week low of $14.65 and a 52-week high of $37.30. The company has a market cap of $2.61 billion, a P/E ratio of -79.42 and a beta of 0.94. The company has a quick ratio of 1.43, a current ratio of 1.84 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $23.01 and a two-hundred day simple moving average of $19.30.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Helmerich & Payne had a negative net margin of 0.90% and a positive return on equity of 5.81%. The business’s quarterly revenue was up 49.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. Analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 18th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, November 18th. Helmerich & Payne’s dividend payout ratio (DPR) is currently -303.03%.

Insider Activity

In other news, CAO Sara Marie Momper sold 6,700 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $17.83, for a total transaction of $119,461.00. Following the completion of the sale, the chief accounting officer owned 21,908 shares of the company’s stock, valued at $390,619.64. The trade was a 23.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HP shares. Weiss Ratings restated a “sell (d+)” rating on shares of Helmerich & Payne in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on Helmerich & Payne from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Monday, October 6th. Zacks Research upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Monday, August 11th. TD Cowen raised their price target on shares of Helmerich & Payne from $26.00 to $27.00 and gave the company a “hold” rating in a report on Tuesday, August 19th. Finally, Piper Sandler boosted their price objective on shares of Helmerich & Payne from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $24.20.

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.