Key Developments: Helmerich & Payne Inc (HP)
63.02USD
24 May 2013
$0.93 (+1.50%)
$62.09
$61.85
$63.07
$61.57
1,048,249
1,407,428
$69.38
$38.71
Latest Key Developments (Source: Significant Developments)
Helmerich & Payne Inc Agrees To Sell Portion Of Equity Portfolio Holdings
Helmerich & Payne Inc announced that it has agreed to sell four million shares of Atwood Oceanics, Inc. (ATW). Following completion of the sales, the Company's equity portfolio holdings will include four million ATW shares and 967,500 Schlumberger Limited (SLB) shares. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Helmerich & Payne Inc For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Helmerich & Payne Inc for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders’ approval for the compensation of executives. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on January 22, 2013, the Board of Directors recommends that Helmerich & Payne’s shareholders vote to approve the compensation of Company executives disclosed in the proxy statement. Full Article
Helmerich & Payne Inc Announces Dividend Increase
Helmerich & Payne Inc announced that Board of Directors declared a dividend of $0.15 per share of common stock, which more than doubles the Company's quarterly dividend for its first quarter of fiscal 2013 ending December 31, 2012. The dividend is payable on March 1, 2013 to shareholders of record at the close of business on February 15, 2013. Full Article
Helmerich & Payne Inc Announces Appointment Of President And Chief Operating Officer
Helmerich & Payne Inc announced that effective September 5, 2012, Mr. John W. Lindsay was named President and Chief Operating Officer of Helmerich & Payne, Inc. The Board of Directors of the Company also appointed Mr. Lindsay as a Director of the Company effective September 5, 2012. Full Article
Helmerich & Payne Inc Declares Cash Dividend-Form 8-K
Helmerich & Payne Inc announced in its form 8-K that it has declared a quarterly cash dividend of $0.07 per share on its common stock, payable November 30, 2012, to stockholders of record at the close of business November 15, 2012. Full Article
Helmerich & Payne, Inc. Announces 20 New FlexRig Contracts
Helmerich & Payne, Inc. announced that, in addition to the 12 new FlexRig commitments announced earlier this month, the Company has entered into agreements to build and operate 20 additional FlexRigs. These 20 rigs will be built under multi-year term contracts with four exploration and production companies and are scheduled to be completed during fiscal 2012. The names of the customers and other terms were not disclosed. Full Article
Helmerich & Payne, Inc. Secures Contract
Helmerich & Payne, Inc. announced that it has entered into agreements to build and operate 12 additional FlexRigs. These rigs will be built under multi-year term contracts with eight exploration and production companies, and are scheduled to be completed and begin operations in the U.S. during fiscal 2012. The names of the customers and other terms were not disclosed. Full Article
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