Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,766,931 shares of the oil and gas company's stock after selling 212,169 shares during the quarter. Victory Capital Management Inc. owned 2.75% of Helmerich & Payne worth $88,597,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its holdings in shares of Helmerich & Payne by 18.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,634 shares of the oil and gas company's stock valued at $1,784,000 after buying an additional 9,004 shares during the period. Private Capital Management LLC acquired a new position in shares of Helmerich & Payne in the 3rd quarter valued at about $1,095,000. Legato Capital Management LLC lifted its holdings in shares of Helmerich & Payne by 93.9% in the 4th quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company's stock valued at $2,436,000 after buying an additional 36,828 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Helmerich & Payne by 4.6% in the 4th quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company's stock valued at $45,268,000 after buying an additional 62,377 shares during the period. Finally, Hara Capital LLC lifted its holdings in shares of Helmerich & Payne by 519.3% in the 4th quarter. Hara Capital LLC now owns 61,114 shares of the oil and gas company's stock valued at $1,957,000 after buying an additional 51,245 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.

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Insider Activity

In other news, Director Belgacem Chariag bought 37,356 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the transaction, the director now owns 54,606 shares of the company's stock, valued at $1,478,730.48. This represents a 216.56 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO John W. Lindsay bought 20,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the transaction, the chief executive officer now directly owns 691,214 shares in the company, valued at approximately $19,042,945.70. This trade represents a 2.98 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HP. Barclays decreased their price objective on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Royal Bank of Canada reduced their price target on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Citigroup raised Helmerich & Payne from a "neutral" rating to a "buy" rating and upped their price target for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Argus raised Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Finally, Evercore ISI restated an "in-line" rating and issued a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Helmerich & Payne has an average rating of "Hold" and a consensus price target of $37.25.

Helmerich & Payne Stock Up 2.0 %

Helmerich & Payne stock traded up $0.51 during midday trading on Friday, reaching $25.59. The company's stock had a trading volume of 1,966,120 shares, compared to its average volume of 1,718,194. Helmerich & Payne, Inc. has a fifty-two week low of $23.80 and a fifty-two week high of $44.11. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.54 billion, a P/E ratio of 8.42, a P/E/G ratio of 3.52 and a beta of 1.42. The business has a 50-day simple moving average of $30.57 and a 200-day simple moving average of $32.33.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share 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, research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was 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.