Edgestream Partners L.P. Has $877,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Edgestream Partners L.P. trimmed its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 75.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,385 shares of the oil and gas company's stock after selling 84,722 shares during the quarter. Edgestream Partners L.P.'s holdings in Helmerich & Payne were worth $877,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 643 shares during the period. State of New Jersey Common Pension Fund D raised its position in Helmerich & Payne by 18.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company's stock worth $1,784,000 after purchasing an additional 9,004 shares during the last quarter. Versor Investments LP lifted its holdings in Helmerich & Payne by 56.1% during the 3rd quarter. Versor Investments LP now owns 19,512 shares of the oil and gas company's stock worth $594,000 after buying an additional 7,015 shares during the period. Entropy Technologies LP grew its position in shares of Helmerich & Payne by 8.9% in the 3rd quarter. Entropy Technologies LP now owns 17,192 shares of the oil and gas company's stock valued at $523,000 after buying an additional 1,402 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in shares of Helmerich & Payne by 15.5% in the third quarter. Aptus Capital Advisors LLC now owns 134,306 shares of the oil and gas company's stock valued at $4,086,000 after buying an additional 18,070 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Royal Bank of Canada reduced their price objective on shares of 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. Evercore ISI reiterated an "in-line" rating and set a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Finally, Barclays decreased their price target on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. One analyst has 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.com, Helmerich & Payne currently has a consensus rating of "Hold" and a consensus price target of $37.25.

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Helmerich & Payne Stock Performance

Shares of HP opened at $25.29 on Wednesday. Helmerich & Payne, Inc. has a one year low of $23.80 and a one year high of $44.11. The company has a market cap of $2.51 billion, a PE ratio of 8.32, a P/E/G ratio of 3.52 and a beta of 1.42. The stock has a 50-day moving average of $30.31 and a 200-day moving average of $32.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52.

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 EPS for the quarter, beating 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, equities research analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued 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 3.95%. Helmerich & Payne's payout ratio is 32.89%.

Insider Buying and Selling at Helmerich & Payne

In related news, CEO John W. Lindsay purchased 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, with a total value of $551,000.00. Following the transaction, the chief executive officer now owns 691,214 shares of the company's stock, valued at $19,042,945.70. This represents a 2.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Belgacem Chariag acquired 37,356 shares of the company's stock in a transaction on Monday, February 10th. The shares were bought at an average price of $27.08 per share, for a total transaction 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 position. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

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.

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