Segall Bryant & Hamill LLC Increases Position in Helmerich & Payne, Inc. (NYSE:HP)

Segall Bryant & Hamill LLC increased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 671,886 shares of the oil and gas company's stock after purchasing an additional 93,315 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.68% of Helmerich & Payne worth $21,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Helmerich & Payne during the 4th quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Helmerich & Payne during the third quarter valued at approximately $48,000. Steph & Co. bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $87,000. Smartleaf Asset Management LLC increased its position in shares of Helmerich & Payne by 82.5% during 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 acquiring an additional 1,268 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Helmerich & Payne by 143.3% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company's stock worth $113,000 after acquiring an additional 2,181 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Price Performance

Shares of HP traded down $0.47 during mid-day trading on Friday, reaching $25.27. The stock had a trading volume of 871,900 shares, compared to its average volume of 1,452,392. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 3.52 and a beta of 1.42. Helmerich & Payne, Inc. has a 12 month low of $23.80 and a 12 month high of $44.11. The business has a fifty day moving average of $28.02 and a 200 day moving average of $31.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81.

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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, topping 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%. Equities analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.96%. Helmerich & Payne's payout ratio is 32.89%.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, CEO John W. Lindsay acquired 20,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $27.55 per share, with a total value of $551,000.00. Following the purchase, the chief executive officer now directly owns 691,214 shares of the company's stock, valued at approximately $19,042,945.70. This represents a 2.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Belgacem Chariag bought 37,356 shares of the firm'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 approximately $1,478,730.48. This represents a 216.56 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

Wall Street Analysts Forecast Growth

HP has been the subject of several research reports. Barclays decreased 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 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 report on Thursday. Evercore ISI reissued an "in-line" rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Finally, Citigroup upgraded shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and increased their price target for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.