Tandem Financial LLC Invests $413,000 in Helmerich & Payne, Inc. (NYSE:HP)

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

Several other large investors have also recently added to or reduced their stakes in HP. Money Concepts Capital Corp lifted its position in shares of Helmerich & Payne by 6.6% during the fourth quarter. Money Concepts Capital Corp now owns 43,447 shares of the oil and gas company’s stock worth $1,391,000 after purchasing an additional 2,703 shares in the last quarter. ARGA Investment Management LP lifted its stake in Helmerich & Payne by 42.5% during the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock worth $86,013,000 after purchasing an additional 801,000 shares during the last quarter. DMC Group LLC boosted its stake in Helmerich & Payne by 22.0% in the fourth quarter. DMC Group LLC now owns 10,180 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 1,836 shares during the period. KBC Group NV increased its holdings in shares of Helmerich & Payne by 56.5% in the 4th quarter. KBC Group NV now owns 4,899 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 1,769 shares during the period. Finally, Blue Trust Inc. increased its position 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 acquiring an additional 2,181 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HP has been the topic of several research analyst reports. Barclays lowered their target price on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 20th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Evercore ISI reissued an “in-line” rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Royal Bank of Canada decreased their target price on Helmerich & Payne from $44.00 to $41.00 and set a “sector perform” rating for the company in a research note on Friday, November 15th. Finally, Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.50.

Helmerich & Payne Trading Down 16.1 %

Shares of NYSE HP opened at $27.85 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61. Helmerich & Payne, Inc. has a one year low of $27.56 and a one year high of $44.11. The business has a 50-day moving average price of $33.27 and a two-hundred day moving average price of $33.81. The firm has a market capitalization of $2.80 billion, a PE ratio of 8.10, a PEG ratio of 3.88 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last issued 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 return on equity of 12.44% and a net margin of 12.48%. As a group, analysts predict that Helmerich & Payne, Inc. will post 3.11 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, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 29.07%.

About Helmerich & Payne

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.