SCHEDULE 13G/A: BlackRock Amends Stake in Helmerich & Payne, Reports 15.7% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing a 15.7% beneficial ownership stake in Helmerich & Payne Inc. as of December 31, 2024.
Summary
- BlackRock, Inc. reported beneficial ownership of 15,484,365 shares of Helmerich & Payne Inc. common stock.
- This ownership represents 15.7% of the total outstanding common stock of Helmerich & Payne Inc.
- BlackRock holds sole voting power over 15,253,280 shares and sole dispositive power over 15,484,365 shares.
- The filing is an Amendment No. 4 to a Schedule 13G, indicating an update to previously reported ownership.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- iShares Core S & P Small-Cap ETF and BlackRock Fund Advisors are identified as entities within BlackRock's structure that beneficially own more than 5% of the outstanding common stock of Helmerich & Payne Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
Schedule 13G filings are routine disclosures by large institutional investors like BlackRock, indicating passive ownership stakes exceeding 5% in publicly traded companies. This filing confirms BlackRock's continued significant, albeit passive, investment in Helmerich & Payne Inc., a prominent company in the oil and gas drilling industry. Such disclosures provide transparency regarding major institutional holdings, which can be a factor in market perception.
Stakeholder Impact
- Shareholders: Provides transparency on significant institutional ownership, potentially signaling continued confidence from a major asset manager like BlackRock.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (reporting date for ownership). |
| 02/05/2025 | Date of filing and signature by BlackRock, Inc. |
Keywords
BlackRock, Helmerich & Payne, H&P, Schedule 13G, beneficial ownership, institutional ownership, common stock, investment management, drilling services
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