ExodusPoint Capital Management LP Invests $10.93 Million in Helmerich & Payne, Inc. (NYSE:HP)

ExodusPoint Capital Management LP purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 341,387 shares of the oil and gas company's stock, valued at approximately $10,931,000. ExodusPoint Capital Management LP owned about 0.34% of Helmerich & Payne at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Kestra Investment Management LLC acquired a new stake in Helmerich & Payne in the fourth quarter valued at $27,000. Quarry LP purchased a new stake in shares of Helmerich & Payne during the third quarter worth about $48,000. Steph & Co. acquired a new position in Helmerich & Payne in the 4th quarter valued at $87,000. Smartleaf Asset Management LLC grew its holdings in Helmerich & Payne by 82.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock valued at $88,000 after buying an additional 1,268 shares during the period. Finally, Blue Trust Inc. increased its position in Helmerich & Payne by 143.3% during the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company's stock worth $113,000 after purchasing an additional 2,181 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

HP stock traded down $3.08 during mid-day trading on Thursday, reaching $18.64. The company had a trading volume of 933,507 shares, compared to its average volume of 1,491,349. Helmerich & Payne, Inc. has a one year low of $17.82 and a one year high of $43.41. The stock has a market capitalization of $1.85 billion, a P/E ratio of 6.09, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The stock's 50-day simple moving average is $25.65 and its two-hundred day simple moving average is $30.98.

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

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.37%. Helmerich & Payne's payout ratio is 32.89%.

Insiders Place Their Bets

In other news, Director Belgacem Chariag purchased 37,356 shares of the business's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired 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 of the company's stock, valued at $19,042,945.70. This trade represents a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.51% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HP shares. Evercore ISI reaffirmed an "in-line" rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Argus upgraded Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Barclays lowered their price objective on 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. Citigroup cut their target price on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $35.22.

Helmerich & Payne Company 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.