Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 28.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,699 shares of the oil and gas company’s stock after acquiring an additional 6,365 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Helmerich & Payne were worth $919,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HP. State Street Corp raised its holdings in Helmerich & Payne by 0.8% in the 3rd 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 during the last quarter. ARGA Investment Management LP grew 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 purchasing an additional 801,000 shares during the period. American Century Companies Inc. grew its position in shares of Helmerich & Payne by 14.0% in the fourth quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock valued at $85,121,000 after purchasing an additional 327,374 shares during the period. Geode Capital Management LLC increased its stake 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Helmerich & Payne by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company’s stock worth $49,885,000 after buying an additional 53,277 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Analysts Set New Price Targets

HP has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price objective on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Morgan Stanley reaffirmed an “underweight” rating and set a $27.00 price target on shares of Helmerich & Payne in a research note on Thursday, March 27th. Barclays lowered their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 target price (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Finally, Citigroup raised 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 research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.11.

Helmerich & Payne Trading Up 1.1 %

Shares of HP opened at $20.04 on Tuesday. Helmerich & Payne, Inc. has a 12 month low of $18.59 and a 12 month high of $44.11. The stock’s 50-day moving average is $26.61 and its two-hundred day moving average is $31.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. The stock has a market cap of $1.99 billion, a PE ratio of 6.59, a P/E/G ratio of 3.52 and a beta of 1.00.

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

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s payout ratio is 32.89%.

Insider Buying and Selling

In other Helmerich & Payne news, CEO John W. Lindsay acquired 20,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $27.55 per share, for a total transaction 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 trade represents a 2.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Belgacem Chariag bought 37,356 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the transaction, the director now owns 54,606 shares in the company, valued at $1,478,730.48. This 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 currently owned by insiders.

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.