Helmerich & Payne, Inc. (NYSE:HP) Stock Holdings Decreased by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 525,400 shares of the oil and gas company's stock after selling 234,615 shares during the period. Alliancebernstein L.P. owned approximately 0.53% of Helmerich & Payne worth $16,823,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its holdings in Helmerich & Payne by 28.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 28,699 shares of the oil and gas company's stock valued at $919,000 after acquiring an additional 6,365 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Helmerich & Payne during the 4th quarter worth approximately $435,000. Arrowstreet Capital Limited Partnership lifted its stake in Helmerich & Payne by 77.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 163,946 shares of the oil and gas company's stock valued at $5,250,000 after buying an additional 71,317 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Helmerich & Payne by 18.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 15,255 shares of the oil and gas company's stock valued at $488,000 after buying an additional 2,414 shares during the last quarter. Finally, Norges Bank purchased a new position in Helmerich & Payne during the fourth quarter worth $21,572,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HP has been the subject of a number of recent research reports. Evercore ISI reiterated 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. Argus raised shares of Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group decreased their target price on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research report on Thursday. Citigroup cut their price target on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley restated an "underweight" rating and set a $27.00 price objective on shares of Helmerich & Payne in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $34.22.

Helmerich & Payne Trading Up 0.4 %

NYSE:HP traded up $0.09 on Monday, hitting $19.30. 281,424 shares of the stock were exchanged, compared to its average volume of 1,501,821. The stock has a market cap of $1.92 billion, a PE ratio of 6.35, a PEG ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a fifty-two week low of $17.82 and a fifty-two week high of $42.68. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $25.13 and a 200-day moving average of $30.81.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data 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 net margin of 11.02% and a return on equity of 11.31%. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.18%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne's payout ratio is 32.89%.

Insider Transactions at Helmerich & Payne

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

About Helmerich & Payne

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.