Sei Investments Co. Has $1.92 Million Position in Helmerich & Payne, Inc. (NYSE:HP)

Sei Investments Co. grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 88.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,124 shares of the oil and gas company's stock after acquiring an additional 24,875 shares during the period. Sei Investments Co. owned about 0.05% of Helmerich & Payne worth $1,920,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Gendell Jeffrey L boosted its holdings in Helmerich & Payne by 44.9% in the fourth quarter. Gendell Jeffrey L now owns 405,776 shares of the oil and gas company's stock worth $14,697,000 after purchasing an additional 125,671 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Helmerich & Payne during the 1st quarter valued at about $1,065,000. Russell Investments Group Ltd. raised its stake in Helmerich & Payne by 10.3% during the first quarter. Russell Investments Group Ltd. now owns 153,022 shares of the oil and gas company's stock worth $6,436,000 after acquiring an additional 14,347 shares during the period. Wedge Capital Management L L P NC lifted its holdings in Helmerich & Payne by 13.1% in the second quarter. Wedge Capital Management L L P NC now owns 188,402 shares of the oil and gas company's stock worth $6,809,000 after acquiring an additional 21,852 shares during the last quarter. Finally, Profit Investment Management LLC boosted its stake in Helmerich & Payne by 51.4% in the first quarter. Profit Investment Management LLC now owns 79,792 shares of the oil and gas company's stock valued at $3,356,000 after acquiring an additional 27,101 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HP shares. Bank of America dropped their price target on Helmerich & Payne from $42.50 to $40.00 and set a "buy" rating on the stock in a research report on Monday, July 15th. Royal Bank of Canada boosted their price target on shares of Helmerich & Payne from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Friday, July 26th. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research report on Monday, August 5th. The Goldman Sachs Group cut their price objective on shares of Helmerich & Payne from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Thursday, August 29th. Finally, Piper Sandler reduced their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of "Hold" and an average target price of $40.88.

Helmerich & Payne Price Performance

NYSE HP traded up $0.86 on Friday, reaching $34.29. 1,356,415 shares of the stock traded hands, compared to its average volume of 1,373,790. Helmerich & Payne, Inc. has a 12 month low of $29.46 and a 12 month high of $44.80. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 3.62 and a beta of 1.42. The firm's fifty day simple moving average is $33.12 and its 200 day simple moving average is $36.63. The company has a quick ratio of 1.87, a current ratio of 2.12 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.77 by $0.15. Helmerich & Payne had a net margin of 12.72% and a return on equity of 12.39%. The firm had revenue of $697.70 million for the quarter, compared to analysts' expectations of $670.78 million. During the same period in the previous year, the business earned $1.09 earnings per share. Helmerich & Payne's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts predict that Helmerich & Payne, Inc. will post 3.48 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Monday, November 18th. Helmerich & Payne's payout ratio is 28.57%.

Helmerich & Payne Company Profile

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.