Proficio Capital Partners LLC Takes Position in Helmerich & Payne, Inc. (NYSE:HP)

Proficio Capital Partners LLC purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 14,633 shares of the oil and gas company’s stock, valued at approximately $469,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of HP. Kestra Investment Management LLC bought a new stake in Helmerich & Payne in the 4th quarter valued at $27,000. Covestor Ltd grew its stake in shares of Helmerich & Payne by 76.9% in the 3rd 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 in the last quarter. Quarry LP purchased a new position in shares of Helmerich & Payne in the 3rd quarter worth $48,000. Steph & Co. purchased a new position in shares of Helmerich & Payne in the 4th quarter worth $87,000. Finally, KBC Group NV grew its stake in shares of Helmerich & Payne by 20.3% in the 3rd 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 in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Belgacem Chariag bought 37,356 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the transaction, the director now owns 54,606 shares in the company, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was acquired 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 directly owns 691,214 shares in the company, valued at approximately $19,042,945.70. The trade was a 2.98 % 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 company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HP shares. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Barclays dropped 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. Argus raised shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.25.

Helmerich & Payne Trading Down 0.6 %

NYSE:HP opened at $25.41 on Tuesday. Helmerich & Payne, Inc. has a one year low of $23.80 and a one year high of $44.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The firm has a market cap of $2.52 billion, a P/E ratio of 8.36, a P/E/G ratio of 3.52 and a beta of 1.42. The firm has a 50-day simple moving average of $30.45 and a 200-day simple moving average of $32.27.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS 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%. Equities analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 3.94%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.89%.

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.