Entropy Technologies LP Acquires 14,936 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Entropy Technologies LP increased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,128 shares of the oil and gas company's stock after acquiring an additional 14,936 shares during the quarter. Entropy Technologies LP's holdings in Helmerich & Payne were worth $1,029,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Covestor Ltd increased its holdings in Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock valued at $45,000 after buying an additional 643 shares during the period. Blue Trust Inc. increased its holdings in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock valued at $46,000 after buying an additional 854 shares during the period. Quarry LP bought a new position in Helmerich & Payne in the 3rd quarter valued at about $48,000. Eastern Bank bought a new position in Helmerich & Payne in the 3rd quarter valued at about $61,000. Finally, Steph & Co. bought a new position in Helmerich & Payne in the 4th quarter valued at about $87,000. 96.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HP shares. Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and lifted their price target for the company from $33.00 to $40.00 in a report on Friday, January 10th. 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. Barclays decreased their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 20th. Argus raised shares of Helmerich & Payne to a "hold" rating in a report on Tuesday. Finally, Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Helmerich & Payne presently has an average rating of "Hold" and an average price target of $38.75.

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Helmerich & Payne Trading Down 2.8 %

NYSE:HP traded down $0.76 during mid-day trading on Friday, hitting $26.53. 1,895,995 shares of the company's stock were exchanged, compared to its average volume of 1,663,503. The company has a 50 day simple moving average of $32.35 and a 200-day simple moving average of $33.31. The company has a current ratio of 2.81, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a fifty-two week low of $26.32 and a fifty-two week high of $44.11. The firm has a market capitalization of $2.64 billion, a P/E ratio of 8.73, a PEG ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its 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 net margin of 11.02% and a return on equity of 11.31%. As a group, research analysts expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. Helmerich & Payne's dividend payout ratio (DPR) is currently 32.89%.

Insider Transactions at Helmerich & Payne

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