Tandem Financial LLC Purchases Shares of 12,897 Helmerich & Payne, Inc. (NYSE:HP)

Tandem Financial LLC purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,897 shares of the oil and gas company’s stock, valued at approximately $413,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp boosted its stake in Helmerich & Payne by 6.6% during the 4th quarter. Money Concepts Capital Corp now owns 43,447 shares of the oil and gas company’s stock worth $1,391,000 after acquiring an additional 2,703 shares during the last quarter. 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 buying an additional 801,000 shares during the last quarter. DMC Group LLC increased its position in Helmerich & Payne by 22.0% during the fourth quarter. DMC Group LLC now owns 10,180 shares of the oil and gas company’s stock worth $326,000 after buying an additional 1,836 shares during the last quarter. KBC Group NV boosted its position in Helmerich & Payne by 56.5% during the fourth quarter. KBC Group NV now owns 4,899 shares of the oil and gas company’s stock worth $157,000 after purchasing an additional 1,769 shares during the period. Finally, Blue Trust Inc. grew its stake in Helmerich & Payne by 143.3% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 2,181 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $40.00 in a report on Friday, January 10th. Barclays dropped their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Royal Bank of Canada decreased their target price on shares of Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating on the stock in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Evercore ISI reissued an “in-line” rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.50.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $27.85 on Friday. The stock’s 50 day moving average is $33.27 and its 200-day moving average is $33.81. Helmerich & Payne, Inc. has a twelve month low of $27.56 and a twelve month high of $44.11. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 3.88 and a beta of 1.37.

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 for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. Sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.59%. Helmerich & Payne’s payout ratio is 29.07%.

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.