Helmerich & Payne, Inc. (NYSE:HP) Shares Acquired by Atria Investments Inc

Atria Investments Inc raised its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,840 shares of the oil and gas company’s stock after purchasing an additional 953 shares during the quarter. Atria Investments Inc’s holdings in Helmerich & Payne were worth $379,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. ARGA Investment Management LP boosted its holdings in shares of Helmerich & Payne by 42.5% in the 4th 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 acquiring an additional 801,000 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Helmerich & Payne by 27.7% in the 4th quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company’s stock valued at $48,739,000 after acquiring an additional 329,734 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Helmerich & Payne by 1,241.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 348,571 shares of the oil and gas company’s stock valued at $10,604,000 after acquiring an additional 322,578 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Helmerich & Payne by 18.0% during the third quarter. The Manufacturers Life Insurance Company now owns 1,161,286 shares of the oil and gas company’s stock worth $35,326,000 after buying an additional 177,023 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Helmerich & Payne by 320.2% during the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock worth $6,035,000 after buying an additional 151,196 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Helmerich & Payne stock opened at $25.92 on Monday. Helmerich & Payne, Inc. has a 12-month low of $23.80 and a 12-month high of $44.11. The stock has a market cap of $2.58 billion, a P/E ratio of 8.53, a PEG ratio of 3.52 and a beta of 1.42. The company has a 50-day moving average price of $29.87 and a 200 day moving average price of $32.05. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.86%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s payout ratio is currently 32.89%.

Insider Buying and Selling

In related news, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the purchase, the chief executive officer now directly owns 691,214 shares in the company, valued at $19,042,945.70. This 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 link. Also, Director Belgacem Chariag bought 37,356 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the purchase, the director now owns 54,606 shares of the company’s stock, 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 company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Argus raised shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. 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 report on Wednesday, January 15th. Finally, Barclays decreased their price objective 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. One 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. Based on data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average target price of $37.25.

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.