Semanteon Capital Management LP Lowers Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Semanteon Capital Management LP decreased its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,016 shares of the oil and gas company's stock after selling 26,017 shares during the quarter. Semanteon Capital Management LP's holdings in Helmerich & Payne were worth $353,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HP. KBC Group NV grew its position in shares of Helmerich & Payne by 20.3% during the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company's stock valued at $95,000 after purchasing an additional 529 shares in the last quarter. Quest Partners LLC boosted its stake in Helmerich & Payne by 22.9% during the third quarter. Quest Partners LLC now owns 17,370 shares of the oil and gas company's stock valued at $528,000 after buying an additional 3,238 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Helmerich & Payne by 1,241.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company's stock valued at $10,604,000 after buying an additional 322,578 shares in the last quarter. Intech Investment Management LLC increased its stake in Helmerich & Payne by 45.0% in the 3rd quarter. Intech Investment Management LLC now owns 31,345 shares of the oil and gas company's stock worth $954,000 after acquiring an additional 9,729 shares during the last quarter. Finally, Integrated Investment Consultants LLC raised its holdings in shares of Helmerich & Payne by 16.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 10,374 shares of the oil and gas company's stock worth $316,000 after acquiring an additional 1,454 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

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Helmerich & Payne Trading Up 0.9 %

Helmerich & Payne stock traded up $0.22 during midday trading on Tuesday, reaching $25.67. The stock had a trading volume of 1,266,134 shares, compared to its average volume of 1,417,066. Helmerich & Payne, Inc. has a 52-week low of $23.80 and a 52-week high of $44.11. The company has a fifty day moving average of $28.67 and a 200 day moving average of $31.73. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60.

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 for the quarter, topping 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%. On average, analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.90%. Helmerich & Payne's dividend payout ratio (DPR) is 32.89%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and raised their target price 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 research note on Tuesday, February 11th. Evercore ISI restated an "in-line" rating and set a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Barclays dropped their price target on 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. Finally, Royal Bank of Canada decreased 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.25.

Insider Activity

In related news, Director Belgacem Chariag purchased 37,356 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the purchase, the director now owns 54,606 shares of the company's stock, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 price of $27.55 per share, with a total value of $551,000.00. Following the acquisition, the chief executive officer now directly owns 691,214 shares of the company's stock, valued at $19,042,945.70. This trade represents a 2.98 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

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.