Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Money Concepts Capital Corp

Money Concepts Capital Corp increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,447 shares of the oil and gas company’s stock after acquiring an additional 2,703 shares during the quarter. Money Concepts Capital Corp’s holdings in Helmerich & Payne were worth $1,391,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Algert Global LLC acquired a new position in Helmerich & Payne during the second quarter worth approximately $359,000. Creative Planning increased its holdings in shares of Helmerich & Payne by 33.1% during the 2nd quarter. Creative Planning now owns 20,882 shares of the oil and gas company’s stock worth $755,000 after buying an additional 5,196 shares during the last quarter. Fulton Bank N.A. raised its position in shares of Helmerich & Payne by 8.9% in the 3rd quarter. Fulton Bank N.A. now owns 10,141 shares of the oil and gas company’s stock worth $308,000 after buying an additional 825 shares during the period. BWM Planning LLC acquired a new position in Helmerich & Payne in the third quarter valued at $1,291,000. Finally, Exchange Traded Concepts LLC grew its position in Helmerich & Payne by 38.9% during the third quarter. Exchange Traded Concepts LLC now owns 31,803 shares of the oil and gas company’s stock valued at $967,000 after acquiring an additional 8,907 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

Helmerich & Payne stock opened at $33.17 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.67 and a quick ratio of 2.40. The firm’s fifty day moving average price is $33.41 and its 200 day moving average price is $33.85. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 3.88 and a beta of 1.37. Helmerich & Payne, Inc. has a 12-month low of $29.46 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 12.44% and a net margin of 12.48%. On average, research analysts forecast that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s payout ratio is 29.07%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HP. Barclays cut their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Royal Bank of Canada reduced their price target on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research report on Friday, November 15th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Evercore ISI restated an “in-line” rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.50.

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.