Two Sigma Securities LLC Takes $526,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Two Sigma Securities LLC acquired a new stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,432 shares of the oil and gas company's stock, valued at approximately $526,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at approximately $27,000. Covestor Ltd raised its position in shares of Helmerich & Payne by 61.3% in the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after buying an additional 907 shares in the last quarter. Steph & Co. acquired a new stake in shares of Helmerich & Payne in the fourth quarter valued at approximately $87,000. Smartleaf Asset Management LLC raised its position in shares of Helmerich & Payne by 82.5% in 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 buying an additional 1,268 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Helmerich & Payne by 817.5% in the fourth quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock valued at $98,000 after buying an additional 2,714 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John W. Lindsay purchased 20,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the transaction, the chief executive officer now owns 691,214 shares of the company's stock, valued at $19,042,945.70. The trade was a 2.98 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Belgacem Chariag purchased 37,356 shares of the business's stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the transaction, the director now directly 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 disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HP has been the subject of several research analyst reports. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered their price objective on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Evercore ISI restated an "in-line" rating and set a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. 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 for the company in a research report on Friday, February 7th. Finally, Susquehanna lowered their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Helmerich & Payne presently has a consensus rating of "Hold" and a consensus target price of $31.78.

Helmerich & Payne Trading Up 0.1 %

Shares of Helmerich & Payne stock traded up $0.02 during trading on Tuesday, hitting $19.84. The company's stock had a trading volume of 1,324,263 shares, compared to its average volume of 1,516,328. 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, Inc. has a 52 week low of $17.82 and a 52 week high of $42.60. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The stock has a 50-day moving average price of $23.33 and a two-hundred day moving average price of $29.70.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings data 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 net margin of 11.02% and a return on equity of 11.31%. Equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.04%. Helmerich & Payne's dividend payout ratio is 32.89%.

Helmerich & Payne Company 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.