36,000 Shares in Helmerich & Payne, Inc. (NYSE:HP) Purchased by Private Capital Management LLC

Private Capital Management LLC bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,000 shares of the oil and gas company's stock, valued at approximately $1,095,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its stake in Helmerich & Payne by 0.8% in the third quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock worth $127,246,000 after acquiring an additional 34,395 shares during the period. ARGA Investment Management LP increased its position in shares of Helmerich & Payne by 42.5% in the 4th 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 acquiring an additional 801,000 shares during the period. Geode Capital Management LLC increased its position in shares of Helmerich & Payne by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company's stock valued at $68,373,000 after acquiring an additional 22,875 shares during the period. Van ECK Associates Corp raised its stake in Helmerich & Payne by 27.7% in the 4th 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Helmerich & Payne by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company's stock worth $45,772,000 after acquiring an additional 49,982 shares during the period. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Performance

NYSE HP traded up $0.59 during mid-day trading on Tuesday, reaching $25.28. 2,025,418 shares of the stock were exchanged, compared to its average volume of 1,707,456. The company has a market capitalization of $2.51 billion, a P/E ratio of 8.31, 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 quick ratio of 2.52 and a current ratio of 2.81. The business's 50 day moving average is $31.01 and its 200-day moving average is $32.55. Helmerich & Payne, Inc. has a 1 year low of $23.80 and a 1 year high of $44.11.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) 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%. On average, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Friday, February 14th. Helmerich & Payne's dividend payout ratio (DPR) is presently 32.89%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HP shares. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Barclays reduced their price target 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. Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and upped their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. Argus raised shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada decreased their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.25.

Insider Transactions at Helmerich & Payne

In related news, Director Belgacem Chariag bought 37,356 shares of the company's stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the transaction, the director now directly owns 54,606 shares in the company, valued at $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Lindsay purchased 20,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $27.55 per share, with a total value of $551,000.00. Following the transaction, the chief executive officer now owns 691,214 shares in the company, valued at approximately $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 Company 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.