ExodusPoint Capital Management LP Has $1.54 Million Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Posted by Defense World Staff on Jun 11th, 2023

ExodusPoint Capital Management LP lessened its position in shares of Helmerich & Payne, Inc. (NYSE:HP – Get Rating) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,059 shares of the oil and gas company’s stock after selling 4,647 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Helmerich & Payne were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. United Services Automobile Association lifted its stake in Helmerich & Payne by 1.8% during the third quarter. United Services Automobile Association now owns 11,486 shares of the oil and gas company’s stock worth $425,000 after purchasing an additional 198 shares during the period. Cipher Capital LP boosted its stake in Helmerich & Payne by 1.5% in the 4th quarter. Cipher Capital LP now owns 17,685 shares of the oil and gas company’s stock valued at $877,000 after buying an additional 263 shares in the last quarter. Russell Investments Group Ltd. grew its position in Helmerich & Payne by 0.7% in the fourth quarter. Russell Investments Group Ltd. now owns 43,565 shares of the oil and gas company’s stock valued at $2,160,000 after acquiring an additional 324 shares during the period. State of Alaska Department of Revenue raised its stake in Helmerich & Payne by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 73,317 shares of the oil and gas company’s stock worth $3,634,000 after acquiring an additional 422 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Helmerich & Payne by 1.0% during the third quarter. Amalgamated Bank now owns 47,794 shares of the oil and gas company’s stock valued at $1,767,000 after acquiring an additional 455 shares during the period. 92.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HP. StockNews.com cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. Barclays cut their target price on shares of Helmerich & Payne from $52.00 to $44.00 in a research note on Thursday. Susquehanna reduced their target price on Helmerich & Payne from $45.00 to $40.00 in a report on Friday, June 2nd. The Goldman Sachs Group dropped their price target on Helmerich & Payne from $44.00 to $38.00 and set a “sell” rating for the company in a report on Monday, March 27th. Finally, Piper Sandler reduced their price objective on Helmerich & Payne from $65.00 to $50.00 in a research note on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Helmerich & Payne has an average rating of “Hold” and an average price target of $52.10.

Helmerich & Payne Price Performance

HP opened at $34.80 on Friday. The company has a fifty day moving average price of $34.07 and a two-hundred day moving average price of $41.11. The firm has a market capitalization of $3.57 billion, a PE ratio of 11.45 and a beta of 1.66. Helmerich & Payne, Inc. has a 52 week low of $30.41 and a 52 week high of $54.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.19 and a current ratio of 2.43.

Helmerich & Payne (NYSE:HP – Get Rating) last issued its earnings results on Wednesday, April 26th. The oil and gas company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.21. The firm had revenue of $769.22 million for the quarter, compared to analysts’ expectations of $741.49 million. Helmerich & Payne had a return on equity of 11.93% and a net margin of 12.15%. As a group, analysts anticipate that Helmerich & Payne, Inc. will post 4.16 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a $0.485 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $1.94 annualized dividend and a yield of 5.57%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.89%.

Helmerich & Payne Company Profile

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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.