Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 721,831 shares of the oil and gas company's stock after buying an additional 128,501 shares during the quarter. JPMorgan Chase & Co. owned about 0.73% of Helmerich & Payne worth $23,113,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HP. Kestra Investment Management LLC purchased a new position in shares of Helmerich & Payne in the 4th quarter valued at approximately $27,000. Quarry LP bought a new position in shares of Helmerich & Payne during the third quarter valued at $48,000. Steph & Co. bought a new position in Helmerich & Payne during the 4th quarter valued at about $87,000. Smartleaf Asset Management LLC lifted its position in Helmerich & Payne by 82.5% during the fourth 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, Blue Trust Inc. boosted its stake in shares of Helmerich & Payne by 143.3% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company's stock worth $113,000 after buying an additional 2,181 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HP shares. Susquehanna dropped 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. The Goldman Sachs Group dropped their price objective on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research note on Thursday, April 10th. Citigroup cut their target price on shares of 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 cut their price target on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Finally, Evercore ISI restated an "in-line" rating and issued a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.78.

Helmerich & Payne Trading Up 2.4 %

Helmerich & Payne stock traded up $0.46 during mid-day trading on Tuesday, hitting $19.69. The company's stock had a trading volume of 153,181 shares, compared to its average volume of 1,731,145. Helmerich & Payne, Inc. has a one year low of $17.82 and a one year high of $42.68. The stock has a market cap of $1.96 billion, a PE ratio of 6.44, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a 50 day moving average of $24.85 and a 200-day moving average of $30.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results 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%. On average, research analysts anticipate 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. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.08%. Helmerich & Payne's dividend payout ratio is presently 32.89%.

Insider Buying and Selling at Helmerich & Payne

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

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.