Schroder Investment Management Group Invests $435,000 in Helmerich & Payne, Inc. (NYSE:HP)

Schroder Investment Management Group purchased a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,848 shares of the oil and gas company's stock, valued at approximately $435,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cerity Partners LLC increased its holdings in shares of Helmerich & Payne by 67.9% during the 3rd quarter. Cerity Partners LLC now owns 13,957 shares of the oil and gas company's stock valued at $425,000 after acquiring an additional 5,642 shares during the last quarter. FMR LLC raised its position in shares of Helmerich & Payne by 510.7% in the third quarter. FMR LLC now owns 140,655 shares of the oil and gas company's stock valued at $4,279,000 after purchasing an additional 117,624 shares during the period. Verition Fund Management LLC lifted its stake in shares of Helmerich & Payne by 110.3% in the third quarter. Verition Fund Management LLC now owns 22,341 shares of the oil and gas company's stock worth $680,000 after buying an additional 11,719 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Helmerich & Payne by 9.6% during the 3rd quarter. Janus Henderson Group PLC now owns 74,590 shares of the oil and gas company's stock worth $2,269,000 after buying an additional 6,508 shares during the period. Finally, Quarry LP acquired a new position in Helmerich & Payne in the 3rd quarter valued at $48,000. Institutional investors own 96.05% of the company's stock.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Belgacem Chariag bought 37,356 shares of the stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Lindsay purchased 20,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $27.55 per share, with a total value of $551,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 691,214 shares in the company, 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. Company insiders own 4.51% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on HP shares. Citigroup cut their target price on shares of Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday. Morgan Stanley reissued an "underweight" rating and set a $27.00 price objective on shares of Helmerich & Payne in a research report on Thursday, March 27th. Argus raised Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Barclays cut their price target on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Royal Bank of Canada lowered their price objective on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Two 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 has an average rating of "Hold" and a consensus price target of $34.22.

Helmerich & Payne Stock Performance

Shares of NYSE HP traded up $0.76 during trading hours on Friday, reaching $19.18. The stock had a trading volume of 2,071,002 shares, compared to its average volume of 1,504,471. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 6.31, a PEG ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a twelve month low of $17.82 and a twelve month high of $43.41. The business's fifty day moving average is $25.13 and its two-hundred day moving average is $30.80. 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 announced its quarterly earnings data 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 net margin of 11.02% and a return on equity of 11.31%. As a group, research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's dividend payout ratio is 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.