Yousif Capital Management LLC Cuts Position in Helmerich & Payne, Inc. (NYSE:HP)

Yousif Capital Management LLC reduced its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,373 shares of the oil and gas company’s stock after selling 758 shares during the quarter. Yousif Capital Management LLC’s holdings in Helmerich & Payne were worth $1,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its stake in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 643 shares during the last quarter. Blue Trust Inc. increased its holdings in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 854 shares during the period. Quarry LP purchased a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $48,000. Eastern Bank purchased a new position in Helmerich & Payne in the third quarter worth $61,000. Finally, Steph & Co. purchased a new position in Helmerich & Payne during the 4th quarter worth $87,000. 96.05% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Helmerich & Payne

In other Helmerich & Payne news, CEO John W. Lindsay acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the acquisition, the chief executive officer now owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70. This trade represents a 2.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Belgacem Chariag purchased 37,356 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was 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 directly owns 54,606 shares in the company, valued at $1,478,730.48. This trade 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 owned by insiders.

Helmerich & Payne Trading Up 1.2 %

Shares of HP opened at $27.28 on Friday. The stock has a market cap of $2.71 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. Helmerich & Payne, Inc. has a 52-week low of $26.35 and a 52-week high of $44.11. The firm’s fifty day moving average is $32.49 and its two-hundred day moving average is $33.40. 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 (NYSE:HP) last released its 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 net margin of 11.02% and a return on equity of 11.31%. Research analysts forecast 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 of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.67%. Helmerich & Payne’s payout ratio is 32.89%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HP. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. 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. Argus upgraded Helmerich & Payne to a “hold” rating in a research report on Tuesday. Barclays lowered their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Finally, Evercore ISI restated an “in-line” rating and set a $39.00 target price (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 given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.75.

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.