Segall Bryant & Hamill LLC Purchases 93,315 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Segall Bryant & Hamill LLC boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 16.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 671,886 shares of the oil and gas company’s stock after buying an additional 93,315 shares during the period. Segall Bryant & Hamill LLC’s holdings in Helmerich & Payne were worth $21,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HP. State Street Corp increased its position in shares of Helmerich & Payne by 0.8% in the third 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 last quarter. ARGA Investment Management LP increased its stake in 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 worth $86,013,000 after purchasing an additional 801,000 shares during the period. American Century Companies Inc. raised its holdings in Helmerich & Payne by 14.0% during the 4th quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock valued at $85,121,000 after buying an additional 327,374 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after purchasing an additional 22,875 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Helmerich & Payne by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company’s stock valued at $49,885,000 after purchasing an additional 53,277 shares during the period. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helmerich & Payne

In other news, CEO John W. Lindsay purchased 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $27.55 per share, with a total value of $551,000.00. Following the acquisition, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at $19,042,945.70. This represents a 2.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Belgacem Chariag acquired 37,356 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now directly 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. Company insiders own 4.51% of the company’s stock.

Helmerich & Payne Trading Up 2.6 %

Shares of NYSE HP opened at $25.46 on Tuesday. The company has a market cap of $2.53 billion, a PE ratio of 8.37, a P/E/G ratio of 3.52 and a beta of 1.42. 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’s 50 day moving average price is $28.87 and its 200-day moving average price is $31.77. Helmerich & Payne, Inc. has a 52-week low of $23.80 and a 52-week high of $44.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio (DPR) is 32.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Barclays cut their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Evercore ISI reiterated 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. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their price target for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Finally, Argus raised Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Helmerich & Payne has an average rating of “Hold” and a consensus target price of $37.25.

Helmerich & Payne 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.