Magnetar Financial LLC Has $1.24 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Magnetar Financial LLC raised its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 389.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,754 shares of the oil and gas company's stock after buying an additional 30,833 shares during the quarter. Magnetar Financial LLC's holdings in Helmerich & Payne were worth $1,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HP. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Helmerich & Payne by 18.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company's stock valued at $13,242,000 after acquiring an additional 64,971 shares in the last quarter. Private Capital Management LLC purchased a new position in Helmerich & Payne in the third quarter valued at about $1,095,000. Fisher Asset Management LLC grew its stake in Helmerich & Payne by 4.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company's stock valued at $45,268,000 after purchasing an additional 62,377 shares in the last quarter. Legato Capital Management LLC raised its stake in shares of Helmerich & Payne by 93.9% during the 4th quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company's stock worth $2,436,000 after purchasing an additional 36,828 shares in the last quarter. Finally, Hara Capital LLC raised its stake in shares of Helmerich & Payne by 519.3% during the 4th quarter. Hara Capital LLC now owns 61,114 shares of the oil and gas company's stock worth $1,957,000 after purchasing an additional 51,245 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

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Helmerich & Payne Stock Performance

Shares of Helmerich & Payne stock traded up $0.22 during trading on Tuesday, reaching $25.67. The company's stock had a trading volume of 1,266,134 shares, compared to its average volume of 1,415,226. 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 quick ratio of 2.52 and a current ratio of 2.81. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. The business's fifty day moving average price is $28.87 and its 200-day moving average price is $31.77.

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

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's payout ratio is currently 32.89%.

Insider Buying and Selling at Helmerich & Payne

In other news, CEO John W. Lindsay bought 20,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, with a total value of $551,000.00. Following the completion of the transaction, the chief executive officer now directly owns 691,214 shares in the company, valued at $19,042,945.70. This trade represents a 2.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Belgacem Chariag purchased 37,356 shares of the stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the acquisition, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

Wall Street Analyst Weigh In

HP has been the topic of a number of research reports. Barclays dropped their price objective on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Royal Bank of Canada dropped 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. Citigroup upgraded shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and raised their price target for the company from $33.00 to $40.00 in a report on Friday, January 10th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Finally, Evercore ISI restated an "in-line" rating and set a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and a consensus price target of $37.25.

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.