Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in Helmerich & Payne, Inc. (NYSE:HP) by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,699 shares of the oil and gas company’s stock after acquiring an additional 6,365 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Helmerich & Payne were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HP. Schroder Investment Management Group acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at about $435,000. Arrowstreet Capital Limited Partnership raised its stake in Helmerich & Payne by 77.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 163,946 shares of the oil and gas company’s stock worth $5,250,000 after acquiring an additional 71,317 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Helmerich & Payne by 18.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 15,255 shares of the oil and gas company’s stock worth $488,000 after acquiring an additional 2,414 shares during the last quarter. Norges Bank acquired a new position in Helmerich & Payne in the fourth quarter valued at approximately $21,572,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Helmerich & Payne by 21.7% during the fourth quarter. JPMorgan Chase & Co. now owns 721,831 shares of the oil and gas company’s stock valued at $23,113,000 after purchasing an additional 128,501 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Trading Up 1.1 %

Shares of NYSE:HP opened at $20.04 on Tuesday. The company has a 50 day moving average of $26.61 and a 200-day moving average of $31.31. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.99 billion, a P/E ratio of 6.59, a P/E/G ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a twelve month low of $18.59 and a twelve month high of $44.11.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share 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%. As a group, analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 4.99%. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

Insider Buying and Selling

In related news, Director Belgacem Chariag acquired 37,356 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the transaction, the director now owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of Helmerich & Payne 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 owns 691,214 shares in the company, valued at approximately $19,042,945.70. This 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays reduced their price objective 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. Citigroup upgraded shares of 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 report on Friday, January 10th. Argus raised shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Royal Bank of Canada reduced their target price on shares of 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. Finally, Morgan Stanley restated an “underweight” rating and issued a $27.00 price target on shares of Helmerich & Payne in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.11.

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.