Van ECK Associates Corp Grows Position in Helmerich & Payne, Inc. (NYSE:HP)

Van ECK Associates Corp grew its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,522,144 shares of the oil and gas company's stock after buying an additional 329,734 shares during the period. Van ECK Associates Corp owned 1.54% of Helmerich & Payne worth $48,739,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. State Street Corp boosted its holdings in shares of Helmerich & Payne by 0.8% in the third quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company's stock valued at $127,246,000 after acquiring an additional 34,395 shares in the last quarter. ARGA Investment Management LP raised its position in shares of Helmerich & Payne by 42.5% in the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock valued at $86,013,000 after buying an additional 801,000 shares during the last quarter. Geode Capital Management LLC grew its holdings in Helmerich & Payne by 1.0% in the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company's stock valued at $68,373,000 after purchasing an additional 22,875 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Helmerich & Payne by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company's stock valued at $45,772,000 after purchasing an additional 49,982 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Helmerich & Payne by 18.0% in the third quarter. The Manufacturers Life Insurance Company now owns 1,161,286 shares of the oil and gas company's stock valued at $35,326,000 after purchasing an additional 177,023 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.

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Insider Buying and Selling

In other news, CEO John W. Lindsay purchased 20,000 shares of the business's stock in a transaction dated 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 purchase, the chief executive officer now 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Belgacem Chariag acquired 37,356 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $27.08 per share, for a total transaction 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 $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.51% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays decreased their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 20th. Royal Bank of Canada cut 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, February 7th. Benchmark reaffirmed a "hold" rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Citigroup raised shares of Helmerich & Payne from a "neutral" rating to a "buy" rating and increased their target price for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Finally, Argus raised shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Helmerich & Payne has a consensus rating of "Hold" and a consensus price target of $38.75.

Helmerich & Payne Stock Down 2.8 %

NYSE:HP traded down $0.76 during trading hours on Monday, reaching $26.53. 1,895,995 shares of the stock were exchanged, compared to its average volume of 1,632,362. The stock has a market cap of $2.64 billion, a PE ratio of 8.73, a PEG ratio of 3.41 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.40. Helmerich & Payne, Inc. has a twelve month low of $26.32 and a twelve month high of $44.11. The firm has a 50 day moving average of $32.20 and a 200 day moving average of $33.14.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced its quarterly earnings results 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 expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Friday, February 14th. Helmerich & Payne's payout ratio is currently 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.