Mather Group LLC. Has $475,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Mather Group LLC. increased its position in Helmerich & Payne, Inc. (NYSE:HP) by 13.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,143 shares of the oil and gas company’s stock after buying an additional 1,568 shares during the period. Mather Group LLC.’s holdings in Helmerich & Payne were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Helmerich & Payne during the first quarter valued at approximately $33,000. Hexagon Capital Partners LLC grew its holdings in Helmerich & Payne by 514.4% during the first quarter. Hexagon Capital Partners LLC now owns 940 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 787 shares during the last quarter. Covestor Ltd grew its holdings in Helmerich & Payne by 253.4% during the first quarter. Covestor Ltd now owns 940 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 674 shares during the last quarter. Principal Securities Inc. acquired a new position in Helmerich & Payne during the fourth quarter valued at approximately $35,000. Finally, Whittier Trust Co. grew its holdings 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 last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Ratings Changes

HP has been the topic of several research analyst reports. 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 note on Friday, April 26th. Citigroup raised their price objective on shares of Helmerich & Payne from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Monday. Royal Bank of Canada raised their price objective on shares of Helmerich & Payne from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. Finally, Piper Sandler lowered their price objective on shares of Helmerich & Payne from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $41.88.

Helmerich & Payne Stock Performance

HP stock traded down $0.54 during midday trading on Tuesday, hitting $33.85. The stock had a trading volume of 1,598,346 shares, compared to its average volume of 1,315,009. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 4.19 and a beta of 1.47. Helmerich & Payne, Inc. has a 52 week low of $32.17 and a 52 week high of $46.55. The stock has a 50-day simple moving average of $36.45 and a 200 day simple moving average of $38.42. The company has a current ratio of 2.12, a quick ratio of 1.87 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.15. The company had revenue of $697.70 million during the quarter, compared to analysts’ expectations of $670.78 million. Helmerich & Payne had a return on equity of 12.39% and a net margin of 12.72%. The business’s revenue was down 3.6% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. As a group, equities research analysts anticipate that Helmerich & Payne, Inc. will post 3.51 earnings per share for the current year.

Helmerich & Payne Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.95%. Helmerich & Payne’s payout ratio is presently 28.57%.

Helmerich & Payne 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.