2,711 Shares in Helmerich & Payne, Inc. (NYSE:HP) Purchased by Steph & Co.

Steph & Co. bought a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,711 shares of the oil and gas company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Park Avenue Securities LLC purchased a new position in shares of Helmerich & Payne during the 4th quarter valued at $209,000. Moody National Bank Trust Division grew its position in Helmerich & Payne by 19.3% during the fourth quarter. Moody National Bank Trust Division now owns 26,807 shares of the oil and gas company’s stock worth $858,000 after buying an additional 4,340 shares in the last quarter. Ridgewood Investments LLC increased its stake in Helmerich & Payne by 34.3% in the 4th quarter. Ridgewood Investments LLC now owns 12,816 shares of the oil and gas company’s stock worth $410,000 after acquiring an additional 3,276 shares during the last quarter. Fulton Bank N.A. raised its holdings in shares of Helmerich & Payne by 11.6% in the 4th quarter. Fulton Bank N.A. now owns 11,321 shares of the oil and gas company’s stock valued at $362,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Helmerich & Payne by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 143,636 shares of the oil and gas company’s stock valued at $4,602,000 after acquiring an additional 1,796 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Helmerich & Payne Stock Down 0.1 %

Shares of NYSE HP opened at $36.66 on Friday. The firm’s fifty day moving average is $33.68 and its 200 day moving average is $34.19. Helmerich & Payne, Inc. has a 52 week low of $29.46 and a 52 week 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 company has a market cap of $3.62 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 4.22 and a beta of 1.39.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, November 13th. The oil and gas company reported $0.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.76. The firm had revenue of $693.79 million for the quarter, compared to analysts’ expectations of $695.99 million. Helmerich & Payne had a net margin of 12.48% and a return on equity of 12.44%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, equities research 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 announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.73%. Helmerich & Payne’s dividend payout ratio is presently 29.07%.

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.