Teacher Retirement System of Texas Decreases Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Teacher Retirement System of Texas lessened its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 61.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,362 shares of the oil and gas company's stock after selling 16,389 shares during the quarter. Teacher Retirement System of Texas' holdings in Helmerich & Payne were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in shares of Helmerich & Payne by 0.8% in the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock valued at $127,246,000 after purchasing an additional 34,395 shares during the last quarter. ARGA Investment Management LP increased its holdings in shares of Helmerich & Payne by 42.5% during the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock worth $86,013,000 after buying an additional 801,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Helmerich & Payne by 1.0% in 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 during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Helmerich & Payne by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company's stock valued at $49,885,000 after acquiring an additional 53,277 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Helmerich & Payne by 27.7% during the 4th 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. Institutional investors own 96.05% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Evercore ISI reiterated an "in-line" rating and issued a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Argus upgraded Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Barclays lowered 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 report on Wednesday, February 19th. Morgan Stanley reaffirmed an "underweight" rating and issued a $27.00 price objective on shares of Helmerich & Payne in a research note on Thursday, March 27th. Finally, Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Helmerich & Payne currently has a consensus rating of "Hold" and a consensus price target of $36.11.

Helmerich & Payne Stock Down 12.9 %

Shares of HP stock traded down $2.94 on Friday, reaching $19.77. 3,109,435 shares of the company were exchanged, compared to its average volume of 1,473,719. 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 50-day moving average of $26.89 and a 200-day moving average of $31.40. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a one year low of $19.53 and a one year high of $44.11.

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

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued 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 5.06%. Helmerich & Payne's payout ratio is 32.89%.

Insider Buying and Selling at Helmerich & Payne

In other news, CEO John W. Lindsay acquired 20,000 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $27.55 per share, with a total value of $551,000.00. Following the transaction, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Belgacem Chariag acquired 37,356 shares of the firm's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the purchase, the director now owns 54,606 shares in the company, valued at approximately $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 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.