Jump Financial LLC Has $353,000 Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Jump Financial LLC decreased its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 92.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,030 shares of the oil and gas company's stock after selling 131,040 shares during the period. Jump Financial LLC's holdings in Helmerich & Payne were worth $353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its stake in shares of Helmerich & Payne by 4.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock valued at $324,000 after acquiring an additional 395 shares in the last quarter. LPL Financial LLC increased its position in Helmerich & Payne by 1.9% in the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock worth $697,000 after buying an additional 408 shares during the period. Napatree Capital LLC increased its position in Helmerich & Payne by 2.5% in the 4th quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company's stock worth $668,000 after buying an additional 511 shares during the period. Franklin Resources Inc. increased its position in Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock worth $4,793,000 after buying an additional 666 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Helmerich & Payne in the 4th quarter worth approximately $27,000. Institutional investors own 96.05% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on HP shares. Royal Bank of Canada decreased their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Citigroup decreased their price target on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays decreased their price target on 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. Finally, Susquehanna lowered their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus price target of $31.78.

Insiders Place Their Bets

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 acquired 20,000 shares of the stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $27.55 per share, for a total transaction of $551,000.00. Following the completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 4.51% of the company's stock.

Helmerich & Payne Trading Up 0.1 %

Helmerich & Payne stock traded up $0.02 during midday trading on Tuesday, hitting $19.84. 1,324,263 shares of the stock were exchanged, compared to its average volume of 1,513,840. The company has a fifty day simple moving average of $23.47 and a two-hundred day simple moving average of $29.77. Helmerich & Payne, Inc. has a 52 week low of $17.82 and a 52 week high of $42.60. The stock has a market capitalization of $1.97 billion, a PE ratio of 6.53, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently announced 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 5.04%. Helmerich & Payne's dividend payout ratio (DPR) is currently 32.89%.

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.