Helmerich & Payne, Inc. (NYSE:HP) CEO Buys $551,000.00 in Stock

Helmerich & Payne, Inc. (NYSE:HP) CEO John W. Lindsay purchased 20,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $27.55 per share, with a total value of $551,000.00. Following the transaction, the chief executive officer now owns 691,214 shares in the company, valued at $19,042,945.70. The trade was a 2.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Helmerich & Payne Stock Performance

NYSE:HP opened at $26.96 on Thursday. The company has a quick ratio of 2.40, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a fifty-two week low of $26.35 and a fifty-two week high of $44.11. The firm’s fifty day simple moving average is $32.64 and its 200-day simple moving average is $33.44. The stock has a market cap of $2.68 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS 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 expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.71%. Helmerich & Payne’s dividend payout ratio is presently 32.89%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HP shares. Royal Bank of Canada reduced their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Barclays decreased their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price target for the stock from $33.00 to $40.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.75.

Hedge Funds Weigh In On Helmerich & Payne

Several hedge funds have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D boosted its stake in shares of Helmerich & Payne by 18.1% during the third 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 acquiring an additional 9,004 shares during the last quarter. Petrus Trust Company LTA acquired a new stake in shares of Helmerich & Payne during the 3rd quarter worth about $619,000. Legato Capital Management LLC boosted its stake in shares of Helmerich & Payne by 93.9% during the 4th 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 last quarter. FMR LLC grew its holdings in shares of Helmerich & Payne by 510.7% during the third quarter. FMR LLC now owns 140,655 shares of the oil and gas company’s stock worth $4,279,000 after buying an additional 117,624 shares in the last quarter. Finally, Tandem Financial LLC acquired a new position in shares of Helmerich & Payne in the fourth quarter valued at approximately $413,000. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

About Helmerich & Payne

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.