Tandem Financial LLC acquired a new position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,897 shares of the oil and gas company's stock, valued at approximately $413,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Covestor Ltd grew its position in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company's stock worth $45,000 after buying an additional 643 shares during the period. Blue Trust Inc. grew its holdings in Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company's stock worth $46,000 after purchasing an additional 854 shares during the period. Quarry LP bought a new position in shares of Helmerich & Payne during the third quarter valued at approximately $48,000. Eastern Bank purchased a new position in shares of Helmerich & Payne during the third quarter valued at approximately $61,000. Finally, Steph & Co. purchased a new position in shares of Helmerich & Payne during the fourth quarter valued at approximately $87,000. 96.05% of the stock is owned by hedge funds and other institutional investors.
Helmerich & Payne Price Performance
Shares of NYSE HP traded up $0.81 during mid-day trading on Monday, hitting $27.58. 1,615,770 shares of the company's stock traded hands, compared to its average volume of 1,597,151. The company has a market capitalization of $2.74 billion, a P/E ratio of 9.08, a PEG ratio of 3.41 and a beta of 1.37. Helmerich & Payne, Inc. has a 1 year low of $26.61 and a 1 year 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 2.40. The company's 50-day moving average is $33.12 and its two-hundred day moving average is $33.68.
Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.
Helmerich & Payne Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.63%. Helmerich & Payne's dividend payout ratio (DPR) is presently 32.89%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Citigroup upgraded Helmerich & Payne from a "neutral" rating to a "buy" rating and raised their price target for the company from $33.00 to $40.00 in a report on Friday, January 10th. Barclays lowered their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 20th. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Royal Bank of Canada reduced their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a report on Friday. Finally, Evercore ISI reaffirmed 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Helmerich & Payne currently has an average rating of "Hold" and a consensus target price of $38.75.
Read Our Latest Stock Analysis on HP
Helmerich & Payne Company Profile
(
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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