LSV Asset Management Has $442 Million Stake in Helmerich & Payne, Inc. (HP)

LSV Asset Management Has $442 Million Stake in Helmerich & Payne, Inc. (HP)

LSV Asset Management cut its stake in Helmerich & Payne, Inc. (NYSE:HP) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 661,000 shares of the oil and gas company’s stock after selling 95,300 shares during the period. LSV Asset Management owned 0.61% of Helmerich & Payne worth $44,002,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Helmerich & Payne during the fourth quarter worth approximately $101,718,000. Investec Asset Management LTD raised its stake in shares of Helmerich & Payne by 95.6% in the fourth quarter. Investec Asset Management LTD now owns 1,740,007 shares of the oil and gas company’s stock worth $134,677,000 after buying an additional 850,576 shares during the last quarter. Capital International Investors raised its stake in shares of Helmerich & Payne by 17.8% in the third quarter. Capital International Investors now owns 4,390,215 shares of the oil and gas company’s stock worth $295,461,000 after buying an additional 664,100 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Helmerich & Payne by 486.2% in the third quarter. APG Asset Management N.V. now owns 639,001 shares of the oil and gas company’s stock worth $43,005,000 after buying an additional 529,996 shares during the last quarter. Finally, Capital World Investors raised its stake in shares of Helmerich & Payne by 6.5% in the third quarter. Capital World Investors now owns 7,919,050 shares of the oil and gas company’s stock worth $532,952,000 after buying an additional 486,400 shares during the last quarter.

Shares of Helmerich & Payne, Inc. (NYSE:HP) traded up 2.72% during mid-day trading on Friday, reaching $59.63. 2,872,697 shares of the company’s stock traded hands. The firm has a 50-day moving average of $65.12 and a 200 day moving average of $70.18. Helmerich & Payne, Inc. has a 12-month low of $56.19 and a 12-month high of $85.78. The company’s market cap is $6.47 billion.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Thursday, April 27th. The oil and gas company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by $0.07. Helmerich & Payne had a negative net margin of 7.17% and a negative return on equity of 3.34%. The firm earned $405.30 million during the quarter, compared to the consensus estimate of $386.83 million. During the same quarter last year, the business posted $0.19 earnings per share. Helmerich & Payne’s revenue was down 7.5% compared to the same quarter last year. Equities analysts forecast that Helmerich & Payne, Inc. will post ($1.33) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 19th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.70%. Helmerich & Payne’s dividend payout ratio (DPR) is currently -274.51%.

A number of brokerages recently commented on HP. Jefferies Group LLC upgraded shares of Helmerich & Payne from an “underperform” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $54.00 in a report on Wednesday. Iberia Capital upgraded shares of Helmerich & Payne from a “sector perform” rating to an “outperform” rating and set a $74.00 price objective on the stock in a report on Thursday. Credit Suisse Group AG restated a “hold” rating and set a $63.00 price objective on shares of Helmerich & Payne in a report on Tuesday. Zacks Investment Research upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, April 3rd. Finally, BMO Capital Markets restated a “sell” rating and set a $54.00 price objective on shares of Helmerich & Payne in a report on Thursday, January 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and a consensus price target of $70.10.

In other news, Director Thomas A. Petrie acquired 1,990 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was bought at an average cost of $67.17 per share, for a total transaction of $133,668.30. Following the completion of the transaction, the director now owns 8,583 shares of the company’s stock, valued at $576,520.11. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.23% of the stock is currently owned by company insiders.

Helmerich & Payne Company Profile

Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.

Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc. (NYSE:HP).

Related posts

Leave a Comment