Quantbot Technologies LP decreased its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 94.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,181 shares of the oil and gas company's stock after selling 116,186 shares during the quarter. Quantbot Technologies LP's holdings in Helmerich & Payne were worth $198,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. ARGA Investment Management LP boosted its position in 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 worth $86,013,000 after purchasing an additional 801,000 shares in the last quarter. Van ECK Associates Corp raised its position in Helmerich & Payne by 27.7% during 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 during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Helmerich & Payne by 18.0% in the third quarter. The Manufacturers Life Insurance Company now owns 1,161,286 shares of the oil and gas company's stock valued at $35,326,000 after purchasing an additional 177,023 shares in the last quarter. Barclays PLC lifted its holdings in shares of Helmerich & Payne by 320.2% in the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock valued at $6,035,000 after purchasing an additional 151,196 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Helmerich & Payne by 116.4% in the third quarter. BNP Paribas Financial Markets now owns 242,515 shares of the oil and gas company's stock valued at $7,377,000 after purchasing an additional 130,455 shares during the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
HP has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an "underweight" rating and issued a $27.00 target price on shares of Helmerich & Payne in a research note on Thursday, March 27th. Royal Bank of Canada reduced their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Argus upgraded Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Evercore ISI restated an "in-line" rating and issued a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Barclays decreased 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 research note on Wednesday, February 19th. Two investment analysts have 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, the stock presently has an average rating of "Hold" and an average target price of $36.11.
Check Out Our Latest Analysis on Helmerich & Payne
Insider Activity at Helmerich & Payne
In related news, CEO John W. Lindsay purchased 20,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the acquisition, the chief executive officer now owns 691,214 shares in the company, 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 can be accessed through the SEC website. Also, Director Belgacem Chariag bought 37,356 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.
Helmerich & Payne Trading Up 0.9 %
NYSE:HP traded up $0.24 during trading hours on Wednesday, reaching $26.74. 998,835 shares of the company were exchanged, compared to its average volume of 1,455,983. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 3.52 and a beta of 1.43. The stock has a 50 day simple moving average of $27.44 and a 200 day simple moving average of $31.54. Helmerich & Payne, Inc. has a 52-week low of $23.80 and a 52-week high of $44.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52.
Helmerich & Payne (NYSE:HP - Get Free Report) last issued its earnings results 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 return on equity of 11.31% and a net margin of 11.02%. As a group, analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.
Helmerich & Payne Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne's dividend payout ratio (DPR) is presently 32.89%.
About Helmerich & Payne
(
Free Report)
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.
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