Squarepoint Ops LLC Purchases 13,160 Shares of Helmerich & Payne, Inc. $HP

Squarepoint Ops LLC raised its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 10.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,145 shares of the oil and gas company’s stock after buying an additional 13,160 shares during the period. Squarepoint Ops LLC’s holdings in Helmerich & Payne were worth $4,490,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Helmerich & Payne in the second quarter worth approximately $513,336,000. Dimensional Fund Advisors LP boosted its holdings in Helmerich & Payne by 11.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock valued at $206,660,000 after acquiring an additional 570,500 shares during the period. State Street Corp grew its position in Helmerich & Payne by 0.8% in the 4th quarter. State Street Corp now owns 4,222,536 shares of the oil and gas company’s stock valued at $121,102,000 after acquiring an additional 33,193 shares during the last quarter. California State Teachers Retirement System grew its position in Helmerich & Payne by 3,079.7% in the 2nd quarter. California State Teachers Retirement System now owns 3,722,669 shares of the oil and gas company’s stock valued at $113,704,000 after acquiring an additional 3,605,593 shares during the last quarter. Finally, Invesco Ltd. grew its position in Helmerich & Payne by 15.5% in the 4th quarter. Invesco Ltd. now owns 3,468,526 shares of the oil and gas company’s stock valued at $99,477,000 after acquiring an additional 465,440 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of HP stock opened at $44.16 on Friday. Helmerich & Payne, Inc. has a twelve month low of $20.32 and a twelve month high of $48.17. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of -31.32 and a beta of 0.66. The stock has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $37.32. 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 announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.20). The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $987.70 million. Helmerich & Payne had a negative net margin of 3.43% and a negative return on equity of 2.35%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.22 EPS. On average, analysts predict that Helmerich & Payne, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HP has been the subject of several research analyst reports. Royal Bank Of Canada lifted their target price on Helmerich & Payne from $44.00 to $49.00 and gave the stock a “sector perform” rating in a research report on Thursday. The Goldman Sachs Group upped their price target on shares of Helmerich & Payne from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, June 3rd. Morgan Stanley raised their price target on shares of Helmerich & Payne from $36.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Barclays boosted their price objective on shares of Helmerich & Payne from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.10.

Insiders Place Their Bets

In other news, Director Hans Helmerich sold 94,470 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $43.90, for a total value of $4,147,233.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $878,000. The trade was a 82.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Cara M. Hair sold 11,149 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $44.27, for a total transaction of $493,566.23. Following the completion of the sale, the senior vice president directly owned 136,095 shares of the company’s stock, valued at $6,024,925.65. The trade was a 7.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 110,673 shares of company stock worth $4,864,590 in the last three months. Corporate insiders own 4.40% of the company’s stock.

Helmerich & Payne Profile

Helmerich & Payne, Inc is a contract drilling company that provides land and offshore drilling services to oil and gas exploration and production companies. The company operates drilling rigs and supplies related services used to drill, develop and maintain wells.

H&P’s offerings include its FlexRig fleet of high-performance land rigs, directional drilling, automated drilling technologies and rig management services. These capabilities are designed to support horizontal and other complex well programs, particularly in unconventional oil and natural gas basins.

Founded in 1920 by Walter Helmerich and William Payne, the company is headquartered in Tulsa, Oklahoma.