Helmerich & Payne, Inc. (NYSE:HP) Shares Acquired by Dean Investment Associates LLC

Dean Investment Associates LLC grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 79.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,483 shares of the oil and gas company's stock after buying an additional 79,313 shares during the quarter. Helmerich & Payne accounts for approximately 0.8% of Dean Investment Associates LLC's holdings, making the stock its 27th biggest holding. Dean Investment Associates LLC owned approximately 0.18% of Helmerich & Payne worth $5,747,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in Helmerich & Payne by 17.6% during the fourth quarter. Canada Pension Plan Investment Board now owns 170,000 shares of the oil and gas company's stock worth $5,443,000 after buying an additional 25,500 shares during the period. NFJ Investment Group LLC boosted its stake in shares of Helmerich & Payne by 4.5% during the 4th quarter. NFJ Investment Group LLC now owns 157,868 shares of the oil and gas company's stock worth $5,055,000 after purchasing an additional 6,848 shares during the period. CacheTech Inc. grew its holdings in Helmerich & Payne by 20.2% during the 4th quarter. CacheTech Inc. now owns 23,640 shares of the oil and gas company's stock valued at $757,000 after purchasing an additional 3,978 shares during the last quarter. Bridgewater Associates LP raised its position in Helmerich & Payne by 82.9% in the 4th quarter. Bridgewater Associates LP now owns 166,643 shares of the oil and gas company's stock worth $5,336,000 after purchasing an additional 75,546 shares during the period. Finally, Summit Investment Advisors Inc. lifted its stake in Helmerich & Payne by 4.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock worth $324,000 after purchasing an additional 395 shares during the last quarter. Institutional investors own 96.05% of the company's stock.

Insider Activity

In other news, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the purchase, the chief executive officer now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Belgacem Chariag purchased 37,356 shares of Helmerich & Payne 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. This represents 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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HP. The Goldman Sachs Group reduced their price target on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Barclays reduced their target price on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Citigroup cut their price target on shares of Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley reaffirmed an "underweight" rating and issued a $27.00 price target on shares of Helmerich & Payne in a research note on Thursday, March 27th. Finally, Susquehanna lowered their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.78.

Helmerich & Payne Stock Up 1.2 %

HP stock traded up $0.25 during trading on Tuesday, hitting $20.03. 376,257 shares of the company's stock traded hands, compared to its average volume of 1,519,074. The business has a fifty day simple moving average of $24.13 and a two-hundred day simple moving average of $30.30. 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 firm has a market capitalization of $1.99 billion, a P/E ratio of 6.59, a PEG ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a 1 year low of $17.82 and a 1 year high of $42.68.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 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%. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Announces Dividend

The company 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne's payout ratio is 32.89%.

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.