Helmerich & Payne, Inc. (NYSE:HP) Stock Holdings Lessened by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,265 shares of the oil and gas company's stock after selling 13,238 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Helmerich & Payne were worth $969,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HP. Kestra Investment Management LLC purchased a new stake in Helmerich & Payne during the fourth quarter worth approximately $27,000. Quarry LP purchased a new stake in Helmerich & Payne during the 3rd quarter worth $48,000. Steph & Co. acquired a new stake in Helmerich & Payne in the 4th quarter valued at $87,000. Smartleaf Asset Management LLC raised its position in Helmerich & Payne by 82.5% in 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. lifted its stake in shares of Helmerich & Payne by 143.3% during the fourth quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company's stock worth $113,000 after purchasing an additional 2,181 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company's stock.

Insider Transactions at Helmerich & Payne

In related news, CEO John W. Lindsay bought 20,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $27.55 per share, with a total value of $551,000.00. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Belgacem Chariag bought 37,356 shares of Helmerich & Payne stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now owns 54,606 shares of the company's stock, valued at $1,478,730.48. The trade was a 216.56 % 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 Price Performance

Helmerich & Payne stock traded down $2.94 during trading hours on Friday, hitting $19.77. 3,109,435 shares of the company traded hands, compared to its average volume of 1,473,719. The firm's 50-day simple moving average is $26.89 and its two-hundred day simple moving average is $31.40. The firm has a market cap of $1.96 billion, a P/E ratio of 6.50, a P/E/G ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a 1-year low of $19.53 and a 1-year high of $44.11. 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 issued its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. As a group, analysts forecast 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. Stockholders of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.06%. Helmerich & Payne's dividend payout ratio is currently 32.89%.

Analysts Set New Price Targets

Several analysts have issued reports on HP shares. Barclays lowered their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Morgan Stanley reaffirmed an "underweight" rating and set a $27.00 price target on shares of Helmerich & Payne in a research note on Thursday, March 27th. Argus raised shares of Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Citigroup upgraded Helmerich & Payne from a "neutral" rating to a "buy" rating and raised their target price for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $36.11.

About Helmerich & Payne

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.