Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 118.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 68,470 shares of the oil and gas company’s stock after acquiring an additional 37,125 shares during the quarter. Intech Investment Management LLC’s holdings in Helmerich & Payne were worth $2,192,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Helmerich & Payne by 18.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company’s stock valued at $13,242,000 after buying an additional 64,971 shares during the period. Private Capital Management LLC acquired a new stake in shares of Helmerich & Payne in the third quarter valued at $1,095,000. Fisher Asset Management LLC raised its position in shares of Helmerich & Payne by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company’s stock worth $45,268,000 after purchasing an additional 62,377 shares during the period. Legato Capital Management LLC raised its position in shares of Helmerich & Payne by 93.9% during the fourth quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company’s stock worth $2,436,000 after purchasing an additional 36,828 shares during the period. Finally, Hara Capital LLC raised its position in shares of Helmerich & Payne by 519.3% during the fourth quarter. Hara Capital LLC now owns 61,114 shares of the oil and gas company’s stock worth $1,957,000 after purchasing an additional 51,245 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insiders Place Their Bets

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 bought at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the purchase, the director now owns 54,606 shares in the company, valued at $1,478,730.48. The trade was a 216.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John W. Lindsay purchased 20,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $27.55 per share, with a total value of $551,000.00. Following the purchase, the chief executive officer now owns 691,214 shares in the company, valued at $19,042,945.70. This 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HP shares. Argus raised Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays dropped their price target on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada dropped their price target 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 research 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $37.25.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $25.34 on Friday. 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 fifty-two week low of $23.80 and a fifty-two week high of $44.11. The stock’s 50-day moving average is $29.26 and its two-hundred day moving average is $31.85. The firm has a market cap of $2.52 billion, a P/E ratio of 8.34, a PEG ratio of 3.52 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last issued its 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%. Analysts predict that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.95%. The ex-dividend date is Thursday, May 15th. 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.