Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Napatree Capital LLC

Napatree Capital LLC boosted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,847 shares of the oil and gas company’s stock after buying an additional 511 shares during the quarter. Napatree Capital LLC’s holdings in Helmerich & Payne were worth $668,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HP. Kestra Investment Management LLC acquired a new position in Helmerich & Payne in the fourth quarter worth approximately $27,000. Quarry LP acquired a new position in Helmerich & Payne in the third quarter worth approximately $48,000. Steph & Co. acquired a new position in Helmerich & Payne in the fourth quarter worth approximately $87,000. Smartleaf Asset Management LLC grew its position in Helmerich & Payne by 82.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock worth $88,000 after buying an additional 1,268 shares during the last quarter. Finally, KBC Group NV grew its position in Helmerich & Payne by 20.3% in the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after buying an additional 529 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 2.2 %

Shares of NYSE:HP opened at $24.78 on Friday. The firm has a fifty day moving average of $29.07 and a two-hundred day moving average of $31.80. The firm has a market capitalization of $2.46 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. Helmerich & Payne, Inc. has a 12-month low of $23.80 and a 12-month high of $44.11. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60.

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 (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%. On average, equities analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s payout ratio is presently 32.89%.

Insider Activity at Helmerich & Payne

In other news, CEO John W. Lindsay purchased 20,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70. The trade was a 2.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Belgacem Chariag purchased 37,356 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now directly owns 54,606 shares of the company’s stock, valued at approximately $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. 4.51% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays lowered their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada lowered their price objective 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, February 7th. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Finally, Evercore ISI reiterated an “in-line” rating and set a $39.00 price objective (down 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, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.