Helmerich & Payne (HP) Stake Decreased by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC trimmed its stake in shares of Helmerich & Payne (NYSE:HP) by 24.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,100 shares of the oil and gas company’s stock after selling 39,500 shares during the quarter. Alpine Woods Capital Investors LLC owned approximately 0.11% of Helmerich & Payne worth $7,994,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its position in Helmerich & Payne by 4.1% during the 4th quarter. Deutsche Bank AG now owns 350,869 shares of the oil and gas company’s stock worth $22,678,000 after purchasing an additional 13,861 shares in the last quarter. BlackRock Inc. increased its position in Helmerich & Payne by 1.2% during the 4th quarter. BlackRock Inc. now owns 11,346,521 shares of the oil and gas company’s stock worth $733,438,000 after purchasing an additional 129,250 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in Helmerich & Payne by 14.9% during the 4th quarter. Meadow Creek Investment Management LLC now owns 14,722 shares of the oil and gas company’s stock worth $951,000 after purchasing an additional 1,904 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Helmerich & Payne during the 4th quarter worth approximately $2,172,000. Finally, Wells Fargo & Company MN increased its position in Helmerich & Payne by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 525,744 shares of the oil and gas company’s stock worth $33,985,000 after purchasing an additional 15,521 shares in the last quarter.

A number of equities analysts recently issued reports on the stock. ValuEngine upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. TheStreet cut shares of Helmerich & Payne from a “b-” rating to a “c” rating in a research report on Thursday, April 26th. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Sanford C. Bernstein cut shares of Helmerich & Payne from an “outperform” rating to a “market perform” rating in a research report on Monday, January 29th. Finally, Susquehanna Bancshares set a $84.00 price objective on shares of Helmerich & Payne and gave the stock a “buy” rating in a research report on Friday, April 27th. Six investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.88.

In other news, VP Robert L. Stauder sold 3,820 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $69.30, for a total transaction of $264,726.00. Following the completion of the sale, the vice president now directly owns 21,016 shares in the company, valued at $1,456,408.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Juan Pablo Tardio sold 10,880 shares of the stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $65.90, for a total transaction of $716,992.00. Following the sale, the chief financial officer now owns 16,628 shares of the company’s stock, valued at $1,095,785.20. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

HP opened at $73.31 on Friday. Helmerich & Payne has a twelve month low of $71.40 and a twelve month high of $72.58. The company has a quick ratio of 2.90, a current ratio of 3.32 and a debt-to-equity ratio of 0.11. The firm has a market cap of $7.78 billion, a PE ratio of -57.72 and a beta of 1.33.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Thursday, April 26th. The oil and gas company reported ($0.05) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). Helmerich & Payne had a net margin of 20.39% and a negative return on equity of 0.81%. The company had revenue of $577.50 million during the quarter, compared to analysts’ expectations of $566.02 million. During the same period in the prior year, the company posted ($0.47) earnings per share. Helmerich & Payne’s revenue for the quarter was up 42.5% compared to the same quarter last year. research analysts anticipate that Helmerich & Payne will post 0.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, May 17th. Helmerich & Payne’s dividend payout ratio (DPR) is presently -220.47%.

About Helmerich & Payne

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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