Dimensional Fund Advisors LP Has $173.28 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Dimensional Fund Advisors LP lessened its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,411,860 shares of the oil and gas company's stock after selling 49,892 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.45% of Helmerich & Payne worth $173,284,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its holdings 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 valued at $324,000 after buying an additional 395 shares during the period. LPL Financial LLC lifted its stake in shares of Helmerich & Payne by 1.9% in the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock valued at $697,000 after purchasing an additional 408 shares during the period. Napatree Capital LLC lifted its stake in shares of Helmerich & Payne by 2.5% in the 4th quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company's stock valued at $668,000 after purchasing an additional 511 shares during the period. Franklin Resources Inc. boosted its position in shares of Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock worth $4,793,000 after purchasing an additional 666 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in shares of Helmerich & Payne during the fourth quarter worth $27,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Insider Activity at Helmerich & Payne

In other news, CEO John W. Lindsay acquired 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought 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 directly owns 691,214 shares of the company's stock, valued at approximately $19,042,945.70. This trade represents a 2.98 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Belgacem Chariag bought 37,356 shares of the company's stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the acquisition, the director now owns 54,606 shares in the company, valued at $1,478,730.48. This trade represents a 216.56 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HP. Royal Bank of Canada cut their target price on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group reduced their price objective on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Morgan Stanley reaffirmed an "underweight" rating and issued a $27.00 target price on shares of Helmerich & Payne in a research note on Thursday, March 27th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Finally, Evercore ISI reissued an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Helmerich & Payne has an average rating of "Hold" and an average target price of $31.78.

Helmerich & Payne Stock Down 1.2 %

Shares of NYSE:HP traded down $0.24 during mid-day trading on Friday, reaching $19.97. 1,018,509 shares of the stock were exchanged, compared to its average volume of 1,515,675. The company has a market cap of $1.98 billion, a P/E ratio of 6.57, a P/E/G ratio of 3.52 and a beta of 1.00. The stock's 50 day simple moving average is $23.59 and its 200-day simple moving average is $29.92. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a one year low of $17.82 and a one year high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 research analysts predict 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. Investors of record on Thursday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.01%. Helmerich & Payne's payout ratio is presently 32.89%.

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.