Sprott Inc. Has $18.99 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Sprott Inc. grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,069 shares of the oil and gas company’s stock after buying an additional 10,800 shares during the quarter. Helmerich & Payne accounts for about 1.1% of Sprott Inc.’s holdings, making the stock its 25th biggest position. Sprott Inc.’s holdings in Helmerich & Payne were worth $18,990,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HP. Creative Planning grew its holdings in Helmerich & Payne by 13.3% during the third quarter. Creative Planning now owns 23,656 shares of the oil and gas company’s stock worth $720,000 after buying an additional 2,774 shares in the last quarter. Blue Trust Inc. boosted its holdings in Helmerich & Payne by 127.8% during the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares during the last quarter. Raymond James & Associates grew its stake in shares of Helmerich & Payne by 33.6% in the 3rd quarter. Raymond James & Associates now owns 93,310 shares of the oil and gas company’s stock worth $2,838,000 after acquiring an additional 23,459 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Helmerich & Payne in the third quarter valued at about $2,158,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Helmerich & Payne by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 96,420 shares of the oil and gas company’s stock valued at $2,933,000 after purchasing an additional 1,901 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Performance

NYSE:HP opened at $26.88 on Wednesday. The company has a market capitalization of $2.67 billion, a P/E ratio of 8.84, a P/E/G ratio of 3.52 and a beta of 1.37. The business has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $32.80. 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, Inc. has a 1 year low of $25.69 and a 1 year high of $44.11.

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, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. On average, analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 32.89%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Barclays decreased their price target on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Argus raised Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada decreased their target price on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and a consensus target price of $37.25.

Insider Activity at Helmerich & Payne

In related news, Director Belgacem Chariag acquired 37,356 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the purchase, the director now owns 54,606 shares in the company, valued at $1,478,730.48. This trade represents a 216.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Lindsay bought 20,000 shares of the business’s 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 purchase, the chief executive officer now owns 691,214 shares in the company, valued at $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. 4.51% of the stock is currently owned by corporate insiders.

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.