Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,288,111 shares of the oil and gas company's stock after selling 61,500 shares during the quarter. LSV Asset Management owned about 1.30% of Helmerich & Payne worth $41,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HP. ARGA Investment Management LP lifted 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 valued at $86,013,000 after purchasing an additional 801,000 shares during the last quarter. Norges Bank purchased a new position in Helmerich & Payne during the fourth quarter valued at $21,572,000. ExodusPoint Capital Management LP bought a new stake in Helmerich & Payne in the fourth quarter worth $10,931,000. Van ECK Associates Corp boosted its holdings in 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 acquiring an additional 329,734 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Helmerich & Payne by 14.0% in the fourth 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. 96.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore ISI reiterated an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Barclays cut their price target on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group decreased their price objective on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Susquehanna reduced their target price on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a report on Monday. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $27.00 price target on shares of Helmerich & Payne in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $31.78.

Insiders Place Their Bets

In related news, Director Belgacem Chariag acquired 37,356 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the purchase, the director now directly owns 54,606 shares of the company's stock, valued at $1,478,730.48. This trade represents a 216.56 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John W. Lindsay bought 20,000 shares of the business's stock in a transaction on Monday, February 10th. The stock was bought at an average price of $27.55 per share, for a total transaction of $551,000.00. Following the purchase, 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. 4.51% of the stock is owned by company insiders.

Helmerich & Payne Trading Up 4.4 %

Shares of NYSE HP traded up $0.87 during trading hours on Thursday, hitting $20.52. 592,527 shares of the company traded hands, compared to its average volume of 1,514,281. 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 $2.04 billion, a price-to-earnings ratio of 6.76, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The company's 50 day moving average price is $24.54 and its 200 day moving average price is $30.58.

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 analysts' consensus estimates 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, equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne's dividend payout ratio (DPR) is presently 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.