Fisher Asset Management LLC Acquires 62,377 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Fisher Asset Management LLC increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,413,749 shares of the oil and gas company's stock after acquiring an additional 62,377 shares during the quarter. Fisher Asset Management LLC owned 1.41% of Helmerich & Payne worth $45,268,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Helmerich & Payne by 0.8% during the third quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock worth $127,246,000 after purchasing an additional 34,395 shares during the period. ARGA Investment Management LP boosted its stake in shares of Helmerich & Payne by 42.5% during the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock valued at $86,013,000 after buying an additional 801,000 shares during the period. Geode Capital Management LLC grew its holdings in shares of Helmerich & Payne by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company's stock valued at $68,373,000 after acquiring an additional 22,875 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Helmerich & Payne by 27.7% in the fourth quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company's stock worth $48,739,000 after acquiring an additional 329,734 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Helmerich & Payne by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company's stock worth $45,772,000 after acquiring an additional 49,982 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays lowered 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 upgraded 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 restated an "in-line" rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Finally, Royal Bank of Canada decreased their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. One research analyst has 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.com, the company presently has a consensus rating of "Hold" and an average target price of $37.25.

Insider Activity

In related news, Director Belgacem Chariag bought 37,356 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The stock was acquired 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average price 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 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 disclosure for this purchase can be found here. 4.51% of the stock is owned by company insiders.

Helmerich & Payne Stock Performance

Shares of NYSE HP traded down $0.55 during trading hours on Thursday, hitting $24.70. 330,053 shares of the stock were exchanged, compared to its average volume of 1,685,571. The firm has a market capitalization of $2.45 billion, a P/E ratio of 8.13, a P/E/G ratio of 3.52 and a beta of 1.37. Helmerich & Payne, Inc. has a one year low of $23.80 and a one year high of $44.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. The company's 50 day moving average is $30.90 and its 200 day moving average is $32.49.

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

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. Helmerich & Payne's dividend payout ratio (DPR) 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.