Proficio Capital Partners LLC Takes $469,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Proficio Capital Partners LLC bought a new position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,633 shares of the oil and gas company's stock, valued at approximately $469,000.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp boosted its position in Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock valued at $127,246,000 after acquiring an additional 34,395 shares in the last quarter. ARGA Investment Management LP lifted its stake in shares of Helmerich & Payne by 42.5% in the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock valued at $86,013,000 after purchasing an additional 801,000 shares during the period. Geode Capital Management LLC boosted its position in shares of Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company's stock valued at $68,373,000 after purchasing an additional 22,875 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Helmerich & Payne by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company's stock worth $49,885,000 after purchasing an additional 53,277 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Helmerich & Payne by 27.7% in the fourth quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company's stock worth $48,739,000 after purchasing an additional 329,734 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

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Insider Transactions at Helmerich & Payne

In other news, Director Belgacem Chariag purchased 37,356 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the purchase, the director now owns 54,606 shares in the company, valued at approximately $1,478,730.48. This represents a 216.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the purchase, the chief executive officer now owns 691,214 shares in the company, valued at approximately $19,042,945.70. The trade was a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.51% of the company's stock.

Helmerich & Payne Stock Performance

NYSE:HP traded down $0.47 during trading hours on Friday, reaching $25.27. The company had a trading volume of 871,900 shares, compared to its average volume of 1,449,277. The firm's 50 day moving average price is $28.24 and its 200-day moving average price is $31.65. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 3.52 and a beta of 1.42. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a 52 week low of $23.80 and a 52 week high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. On average, analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 3.96%. Helmerich & Payne's payout ratio is presently 32.89%.

Analysts Set New Price Targets

A number of brokerages have weighed in on HP. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Evercore ISI reaffirmed an "in-line" rating and set a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Morgan Stanley restated an "underweight" rating and set a $27.00 price target on shares of Helmerich & Payne in a report on Thursday. Citigroup upgraded shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and upped their price target for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Finally, Barclays reduced their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus target price of $36.11.

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.