BlackRock Amends Helmerich & Payne Stake on Dec 31, 2023
Ticker: HP · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 46765
| Field | Detail |
|---|---|
| Company | Helmerich & Payne, INC. (HP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, portfolio-change
TL;DR
**BlackRock updated its HP stake, signaling a portfolio rebalance.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of Helmerich & Payne, Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, updates their previous disclosures, signaling a potential adjustment in their investment strategy or a rebalancing of their portfolio. For investors, this matters because BlackRock is a major institutional investor, and changes in their holdings can sometimes signal shifts in confidence or outlook for Helmerich & Payne, Inc. (HP).
Why It Matters
This filing shows that a major institutional investor, BlackRock, has adjusted its position in Helmerich & Payne, Inc., which can influence market perception and potentially the stock's trading volume.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently indicate significant risk for the company or its stock.
Analyst Insight
An investor should monitor future 13F filings to see the exact changes in BlackRock's holdings and consider if this aligns with their own investment thesis for Helmerich & Payne, Inc.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Helmerich & Payne, Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 3 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of Helmerich & Payne, Inc. common stock. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a company with the Central Index Key (CIK) 0001364742.
What company's securities are the subject of this filing?
The subject company is Helmerich & Payne, Inc., identified by the CIK 0000046765, and the securities are its Common Stock.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Helmerich & Payne, Inc. is 423452101.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Helmerich & Payne, Inc. (HP).