Entropy Technologies LP Has $1.03 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Entropy Technologies LP grew its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,128 shares of the oil and gas company’s stock after purchasing an additional 14,936 shares during the quarter. Entropy Technologies LP’s holdings in Helmerich & Payne were worth $1,029,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Covestor Ltd raised its holdings in shares of Helmerich & Payne by 76.9% in the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 643 shares during the last quarter. Blue Trust Inc. increased its position in Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 854 shares in the last quarter. Quarry LP bought a new position in shares of Helmerich & Payne in the third quarter worth about $48,000. Eastern Bank acquired a new position in shares of Helmerich & Payne during the third quarter worth approximately $61,000. Finally, Steph & Co. bought a new stake in shares of Helmerich & Payne during the fourth quarter valued at approximately $87,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $27.38 on Tuesday. The stock has a market cap of $2.72 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. The stock has a 50-day moving average of $32.96 and a 200-day moving average of $33.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.40. Helmerich & Payne, Inc. has a one year low of $26.61 and a one year high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 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%. As a group, sell-side analysts expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s payout ratio is presently 32.89%.

Wall Street Analysts Forecast Growth

HP has been the subject of several research analyst reports. Barclays dropped their price objective on shares of 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. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Evercore ISI reiterated an “in-line” rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Royal Bank of Canada cut their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.75.

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.