Capital Advisors Inc. OK Decreases Stake in Helmerich & Payne, Inc. (NYSE:HP)

Capital Advisors Inc. OK decreased its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 18.2% in the 4th quarter, HoldingsChannel reports. The fund owned 9,900 shares of the oil and gas company’s stock after selling 2,198 shares during the quarter. Capital Advisors Inc. OK’s holdings in Helmerich & Payne were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HP. State Street Corp grew its stake in shares of Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after purchasing an additional 34,395 shares during the period. ARGA Investment Management LP grew its position in Helmerich & Payne by 42.5% during the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock worth $86,013,000 after buying an additional 801,000 shares during the period. Geode Capital Management LLC increased its holdings in Helmerich & Payne by 1.0% in the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock valued at $68,373,000 after buying an additional 22,875 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Helmerich & Payne by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company’s stock valued at $45,772,000 after acquiring an additional 49,982 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Helmerich & Payne by 18.0% during the 3rd 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 acquiring an additional 177,023 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Insider Activity

In related news, Director Belgacem Chariag purchased 37,356 shares of the business’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 completion of the purchase, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average cost 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 approximately $19,042,945.70. This trade represents a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.51% of the company’s stock.

Helmerich & Payne Price Performance

NYSE:HP opened at $26.96 on Thursday. Helmerich & Payne, Inc. has a 12-month low of $26.35 and a 12-month high of $44.11. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. The company’s 50-day moving average is $32.64 and its two-hundred day moving average is $33.44. The company has a current ratio of 2.81, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60.

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 (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%. Research analysts expect that Helmerich & Payne, Inc. will post 3.11 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is 32.89%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada dropped their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted 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 from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Barclays reduced their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.75.

About Helmerich & Payne

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.