Smartleaf Asset Management LLC Has $88,000 Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Smartleaf Asset Management LLC increased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 82.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,805 shares of the oil and gas company’s stock after purchasing an additional 1,268 shares during the period. Smartleaf Asset Management LLC’s holdings in Helmerich & Payne were worth $88,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HP. KBC Group NV grew its stake in Helmerich & Payne by 20.3% during the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after buying an additional 529 shares during the last quarter. Covestor Ltd grew its stake in Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after buying an additional 643 shares during the last quarter. Franklin Resources Inc. grew its stake in Helmerich & Payne by 0.4% during the third quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock worth $4,793,000 after buying an additional 666 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Helmerich & Payne during the fourth quarter worth about $27,000. Finally, Fulton Bank N.A. grew its stake in Helmerich & Payne by 11.6% during the fourth quarter. Fulton Bank N.A. now owns 11,321 shares of the oil and gas company’s stock worth $362,000 after buying an additional 1,180 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insider Activity at Helmerich & Payne

In other news, CEO John W. Lindsay bought 20,000 shares of the business’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 completion of the acquisition, the chief executive officer now owns 691,214 shares in the company, valued at approximately $19,042,945.70. This trade represents a 2.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Belgacem Chariag bought 37,356 shares of the business’s stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $27.08 per share, for a total transaction 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. This trade represents a 216.56 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by company insiders.

Helmerich & Payne Trading Up 2.0 %

Shares of NYSE HP opened at $25.59 on Friday. The company’s 50 day simple moving average is $30.57 and its 200 day simple moving average is $32.33. Helmerich & Payne, Inc. has a fifty-two week low of $23.80 and a fifty-two week high of $44.11. The firm has a market capitalization of $2.54 billion, a P/E ratio of 8.42, a P/E/G ratio of 3.52 and a beta of 1.42. 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 (NYSE:HP) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.25 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.91%. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HP shares. 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. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price target for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Royal Bank of Canada decreased their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Barclays decreased their price target on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Finally, Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $37.25.

Helmerich & Payne 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.