6,845 Shares in Helmerich & Payne, Inc. (NYSE:HP) Acquired by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. bought a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,845 shares of the oil and gas company’s stock, valued at approximately $219,000.

A number of other large investors also recently modified their holdings of the company. Sprott Inc. increased its holdings in Helmerich & Payne by 1.9% in the 4th quarter. Sprott Inc. now owns 593,069 shares of the oil and gas company’s stock valued at $18,990,000 after purchasing an additional 10,800 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Helmerich & Payne by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,121,742 shares of the oil and gas company’s stock valued at $35,918,000 after buying an additional 77,099 shares in the last quarter. Capital Investment Counsel Inc raised its holdings in shares of Helmerich & Payne by 4.4% during the 4th quarter. Capital Investment Counsel Inc now owns 80,630 shares of the oil and gas company’s stock valued at $2,582,000 after buying an additional 3,405 shares during the period. Ieq Capital LLC purchased a new position in shares of Helmerich & Payne in the fourth quarter valued at $291,000. Finally, Keene & Associates Inc. lifted its holdings in Helmerich & Payne by 31.3% in the 4th quarter. Keene & Associates Inc. now owns 10,140 shares of the oil and gas company’s stock worth $325,000 after buying an additional 2,415 shares in the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $26.88 on Wednesday. Helmerich & Payne, Inc. has a 1-year low of $25.69 and a 1-year high of $44.11. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 3.52 and a beta of 1.37. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $31.37 and its 200-day simple moving average is $32.80.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. On average, sell-side analysts predict that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s payout ratio is 32.89%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HP. Argus raised Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $40.00 in a report on Friday, January 10th. Barclays cut their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Royal Bank of Canada cut their price target on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.25.

Insider Buying and Selling at Helmerich & Payne

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

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.