Landscape Capital Management L.L.C. Makes New Investment in Helmerich & Payne, Inc. $HP

Landscape Capital Management L.L.C. acquired a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,934 shares of the oil and gas company’s stock, valued at approximately $522,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Helmerich & Payne during the second quarter worth about $513,336,000. Balyasny Asset Management L.P. grew its holdings in shares of Helmerich & Payne by 174.1% during the second quarter. Balyasny Asset Management L.P. now owns 2,044,383 shares of the oil and gas company’s stock worth $30,993,000 after buying an additional 1,298,510 shares during the last quarter. Encompass Capital Advisors LLC grew its holdings in shares of Helmerich & Payne by 165.1% during the fourth quarter. Encompass Capital Advisors LLC now owns 2,081,644 shares of the oil and gas company’s stock worth $59,702,000 after buying an additional 1,296,537 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Helmerich & Payne in the 2nd quarter valued at about $30,606,000. Finally, Ameriprise Financial Inc. increased its position in Helmerich & Payne by 316.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,218,057 shares of the oil and gas company’s stock valued at $26,907,000 after acquiring an additional 925,921 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen raised Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Citigroup dropped their target price on Helmerich & Payne from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, June 29th. The Goldman Sachs Group boosted their target price on Helmerich & Payne from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded Helmerich & Payne from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada increased their price target on Helmerich & Payne from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.00.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 11,149 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the transaction, the senior vice president directly owned 136,095 shares of the company’s stock, valued at $6,024,925.65. This represents a 7.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sara Marie Momper sold 5,054 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $44.28, for a total transaction of $223,791.12. Following the completion of the transaction, the chief accounting officer owned 16,958 shares of the company’s stock, valued at $750,900.24. This represents a 22.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.40% of the stock is currently owned by insiders.

Helmerich & Payne Price Performance

Shares of HP opened at $43.63 on Monday. Helmerich & Payne, Inc. has a twelve month low of $17.98 and a twelve month high of $45.00. The stock’s 50 day moving average is $35.87 and its two-hundred day moving average is $36.37. The firm has a market capitalization of $4.36 billion, a PE ratio of -30.94 and a beta of 0.61. The company has a current ratio of 1.96, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.20). The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. Helmerich & Payne had a negative return on equity of 2.35% and a negative net margin of 3.43%.The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.22 earnings per share. Research analysts anticipate that Helmerich & Payne, Inc. will post -0.15 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 18th. Helmerich & Payne’s payout ratio is presently -70.92%.

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.