Intech Investment Management LLC Has $2.19 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Intech Investment Management LLC lifted its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 118.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,470 shares of the oil and gas company's stock after buying an additional 37,125 shares during the period. Intech Investment Management LLC owned about 0.07% of Helmerich & Payne worth $2,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in shares of Helmerich & Payne in the fourth quarter valued at approximately $27,000. Quarry LP acquired a new position in Helmerich & Payne in the 3rd quarter worth $48,000. Steph & Co. bought a new position in Helmerich & Payne during the 4th quarter worth about $87,000. Smartleaf Asset Management LLC raised its stake in shares of Helmerich & Payne by 82.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock valued at $88,000 after purchasing an additional 1,268 shares during the period. Finally, KBC Group NV raised its stake in shares of Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock valued at $95,000 after purchasing an additional 529 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HP shares. Argus upgraded Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Barclays decreased their price target 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. Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Evercore ISI restated an "in-line" rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, 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 on the stock in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Helmerich & Payne presently has a consensus rating of "Hold" and an average target price of $37.25.

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Helmerich & Payne Price Performance

Helmerich & Payne stock traded up $0.22 during mid-day trading on Tuesday, reaching $25.67. 1,266,134 shares of the company were exchanged, compared to its average volume of 1,415,226. The firm has a market cap of $2.55 billion, a PE ratio of 8.44, a PEG ratio of 3.52 and a beta of 1.42. 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 has a fifty day simple moving average of $28.87 and a 200-day simple moving average of $31.77. Helmerich & Payne, Inc. has a 12 month low of $23.80 and a 12 month high of $44.11.

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 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. As a group, equities research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given 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 3.90%. Helmerich & Payne's dividend payout ratio is currently 32.89%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of the firm's stock in a transaction on 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were acquired 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 directly owns 691,214 shares of the company's stock, valued at approximately $19,042,945.70. The trade was a 2.98 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is owned by insiders.

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.