Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 56.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,139 shares of the oil and gas company's stock after selling 88,429 shares during the quarter. Franklin Resources Inc. owned 0.07% of Helmerich & Payne worth $2,214,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock worth $127,246,000 after buying an additional 34,395 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Helmerich & Payne by 9.3% in the third quarter. MML Investors Services LLC now owns 28,034 shares of the oil and gas company's stock valued at $853,000 after acquiring an additional 2,392 shares in the last quarter. Barclays PLC raised its stake in shares of Helmerich & Payne by 320.2% in the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock valued at $6,035,000 after acquiring an additional 151,196 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Helmerich & Payne by 1.0% in the third 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 purchasing an additional 22,875 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Helmerich & Payne during the 3rd quarter worth $452,000. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Helmerich & Payne

In other news, CEO John W. Lindsay acquired 20,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $27.55 per share, with a total value of $551,000.00. Following the purchase, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Belgacem Chariag acquired 37,356 shares of the business's stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the transaction, the director now owns 54,606 shares in the company, valued at $1,478,730.48. The trade was 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 Stock Performance

Shares of NYSE HP traded up $0.94 during trading hours on Friday, reaching $20.59. The stock had a trading volume of 1,349,709 shares, compared to its average volume of 1,521,044. The firm has a 50-day moving average of $24.27 and a 200-day moving average of $30.44. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 3.52 and a beta of 1.00. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a fifty-two week low of $17.82 and a fifty-two week high of $42.68.

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 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%. Equities research analysts predict that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.86%. Helmerich & Payne's payout ratio is 32.89%.

Wall Street Analysts Forecast Growth

HP has been the subject of several recent research reports. Citigroup decreased their price objective on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Susquehanna reduced their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a report on Monday. Barclays lowered their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $27.00 price target on shares of Helmerich & Payne in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $31.78.

Helmerich & Payne 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.