New York State Common Retirement Fund Has $27.64 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

New York State Common Retirement Fund increased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 863,149 shares of the oil and gas company's stock after buying an additional 124,103 shares during the quarter. New York State Common Retirement Fund owned about 0.86% of Helmerich & Payne worth $27,638,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $27,000. Covestor Ltd boosted its position in Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after acquiring an additional 643 shares during the period. Blue Trust Inc. boosted its position in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after acquiring an additional 854 shares during the period. Quarry LP acquired a new position in Helmerich & Payne during the 3rd quarter worth $48,000. Finally, Eastern Bank bought a new position in shares of Helmerich & Payne in the third quarter worth $61,000. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

Shares of NYSE:HP traded down $0.77 on Tuesday, reaching $26.88. 2,014,006 shares of the company traded hands, compared to its average volume of 1,699,520. The stock has a market capitalization of $2.67 billion, a PE ratio of 8.84, a P/E/G ratio of 3.52 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. The company's 50 day moving average is $31.37 and its 200-day moving average is $32.80. Helmerich & Payne, Inc. has a fifty-two week low of $25.69 and a fifty-two week high of $44.11.

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Helmerich & Payne (NYSE:HP - Get Free Report) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, beating the consensus estimate 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 anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne's payout ratio is 32.89%.

Insider Transactions at Helmerich & Payne

In other news, CEO John W. Lindsay acquired 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $27.55 per share, with a total value of $551,000.00. Following the purchase, the chief executive officer now 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Belgacem Chariag bought 37,356 shares of the business's stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. 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 report on Wednesday, January 15th. Citigroup upgraded shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and increased their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. Argus raised Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Royal Bank of Canada cut their target price on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, Barclays lowered their price target on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus price target of $37.25.

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.