Invesco Ltd. Has $69.43 Million Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Invesco Ltd. lowered its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,168,326 shares of the oil and gas company's stock after selling 208,760 shares during the quarter. Invesco Ltd. owned about 2.18% of Helmerich & Payne worth $69,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. ARGA Investment Management LP increased its holdings 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 acquiring an additional 801,000 shares during the last quarter. American Century Companies Inc. lifted its position in Helmerich & Payne by 14.0% during the 4th quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company's stock worth $85,121,000 after acquiring an additional 327,374 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Helmerich & Payne by 1.0% during 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 acquiring an additional 22,875 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Helmerich & Payne by 3.5% in the fourth 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 purchasing an additional 53,277 shares during the last quarter. Finally, 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 purchasing an additional 329,734 shares during the period. Institutional investors and hedge funds own 96.05% of the company's stock.

Insider Buying and Selling at Helmerich & Payne

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

Helmerich & Payne Trading Up 4.8 %

Helmerich & Payne stock traded up $0.94 during mid-day trading on Friday, hitting $20.59. The stock had a trading volume of 1,349,709 shares, compared to its average volume of 1,521,044. 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 12 month low of $17.82 and a 12 month high of $42.68. The stock has a market capitalization of $2.05 billion, a PE ratio of 6.77, a P/E/G ratio of 3.52 and a beta of 1.00. The stock has a 50-day simple moving average of $24.27 and a two-hundred day simple moving average of $30.44.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced 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 net margin of 11.02% and a return on equity of 11.31%. As a group, sell-side analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed 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 4.86%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's payout ratio is presently 32.89%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HP shares. Argus upgraded Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Barclays lowered their target price on shares of 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 cut their price objective on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI reiterated an "in-line" rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Morgan Stanley restated an "underweight" rating and set a $27.00 price target on shares of Helmerich & Payne in a research report on Thursday, March 27th. Two investment 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.com, Helmerich & Payne presently has an average rating of "Hold" and a consensus price target of $31.78.

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.