Vanguard Trims Helmerich & Payne Stake to 14.0%

TL;DR

**Vanguard cut its H&P stake to 14.0% as of Dec 29, 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its ownership of Helmerich & Payne Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 14,082,739 shares of Helmerich & Payne's common stock. This represents a 14.0% stake in the oil and gas drilling company, a slight decrease from its previous reported holdings. This matters to investors because Vanguard is a significant institutional holder, and changes in its position can signal shifts in its investment thesis or simply reflect passive index fund adjustments.

Why It Matters

This filing shows that a major institutional investor, The Vanguard Group, has slightly reduced its stake in Helmerich & Payne, which could be a minor bearish signal or just a rebalancing act.

Risk Assessment

Risk Level: low — The change in ownership by a passive investor like Vanguard is typically not a high-risk event unless it's a significant, active divestment.

Analyst Insight

Investors should note Vanguard's minor reduction but understand it's likely a passive adjustment rather than an active bearish bet. Monitor future filings for more significant changes by large institutional investors.

Key Numbers

• 14,082,739 — Shares Beneficially Owned (The total number of Helmerich & Payne shares Vanguard holds.)
• 14.0% — Percentage of Class (Vanguard's ownership percentage of Helmerich & Payne's common stock.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this filing.)
• February 13, 2024 — Filing Date (The date this amended Schedule 13G/A was filed with the SEC.)
• 15 — Amendment Number (This is the 15th amendment to Vanguard's Schedule 13G filing for Helmerich & Payne.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Helmerich & Payne, Inc. (company) — subject company, an oil and gas drilling firm
• 14,082,739 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 14.0% (dollar_amount) — percentage of Helmerich & Payne's common stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard's slight reduction in stake will likely have a minimal impact on Helmerich & Payne's stock price. (Helmerich & Payne, Inc.) — high confidence, target: Q1 2024

FAQ

Filing Documents

• tv01105-helmerichpayneinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021107.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Helmerich & Payne Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1437 South Boulder Avenue, Suite 1400 Tulsa, OK 74119-3623

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 423452101

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR