Catalina Capital Group LLC Acquires 1,078 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Catalina Capital Group LLC grew its position in Helmerich & Payne, Inc. (NYSE:HPFree Report) by 12.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 9,896 shares of the oil and gas company’s stock after purchasing an additional 1,078 shares during the quarter. Catalina Capital Group LLC’s holdings in Helmerich & Payne were worth $416,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hexagon Capital Partners LLC raised its holdings in Helmerich & Payne by 514.4% in the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock worth $40,000 after buying an additional 787 shares during the last quarter. Principal Securities Inc. bought a new position in Helmerich & Payne during the fourth quarter valued at approximately $35,000. Whittier Trust Co. lifted its position in Helmerich & Payne by 94.9% during the first quarter. Whittier Trust Co. now owns 1,222 shares of the oil and gas company’s stock valued at $51,000 after purchasing an additional 595 shares during the period. Creekmur Asset Management LLC bought a new position in Helmerich & Payne during the fourth quarter valued at approximately $60,000. Finally, Lindbrook Capital LLC lifted its position in Helmerich & Payne by 26.4% during the first quarter. Lindbrook Capital LLC now owns 1,698 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 355 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Mark W. Smith sold 16,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the sale, the chief financial officer now owns 144,870 shares in the company, valued at approximately $5,865,786.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Cara M. Hair sold 9,910 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now owns 137,764 shares in the company, valued at approximately $5,540,868.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark W. Smith sold 16,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the sale, the chief financial officer now owns 144,870 shares of the company’s stock, valued at approximately $5,865,786.30. The disclosure for this sale can be found here. Corporate insiders own 4.38% of the company’s stock.

Helmerich & Payne Price Performance

Shares of NYSE HP traded up $0.63 during midday trading on Wednesday, reaching $36.31. The stock had a trading volume of 1,192,499 shares, compared to its average volume of 1,218,602. The stock has a 50-day moving average of $36.37 and a 200-day moving average of $37.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.92 and a current ratio of 2.16. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 3.92 and a beta of 1.47. Helmerich & Payne, Inc. has a 12-month low of $32.17 and a 12-month high of $46.55.

Helmerich & Payne (NYSE:HPGet Free Report) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.01). The company had revenue of $687.94 million for the quarter, compared to analysts’ expectations of $682.51 million. Helmerich & Payne had a net margin of 12.84% and a return on equity of 13.21%. The business’s revenue was down 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, research analysts anticipate that Helmerich & Payne, Inc. will post 3.46 EPS for the current fiscal year.

Helmerich & Payne Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 16th. This represents a $1.00 annualized dividend and a yield of 2.75%. Helmerich & Payne’s payout ratio is 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HP. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Citigroup increased their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Susquehanna lowered their price objective on shares of Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, April 26th. Finally, Piper Sandler decreased their price target on shares of Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.29.

Read Our Latest Research Report on HP

Helmerich & Payne Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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