Belgacem Chariag Buys 37,356 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag acquired 37,356 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the transaction, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Helmerich & Payne Price Performance

Shares of HP stock opened at $26.96 on Thursday. The business has a fifty day simple moving average of $32.64 and a 200 day simple moving average of $33.44. The company has a market cap of $2.68 billion, a P/E ratio of 8.87, a P/E/G ratio of 3.41 and a beta of 1.37. The company has a quick ratio of 2.40, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a twelve month low of $26.35 and a twelve month high of $44.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.71%. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

Analyst Ratings Changes

Several research firms recently commented on HP. Barclays decreased their price target 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 restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Royal Bank of Canada cut their price target on 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, Evercore ISI restated an “in-line” rating and set a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Helmerich & Payne has a consensus rating of “Hold” and an average target price of $38.75.

Institutional Trading of Helmerich & Payne

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its stake in shares of Helmerich & Payne by 38.9% during the third quarter. Exchange Traded Concepts LLC now owns 31,803 shares of the oil and gas company’s stock valued at $967,000 after purchasing an additional 8,907 shares in the last quarter. Creative Planning raised its holdings in Helmerich & Payne by 13.3% in the 3rd quarter. Creative Planning now owns 23,656 shares of the oil and gas company’s stock valued at $720,000 after buying an additional 2,774 shares during the last quarter. Fruth Investment Management boosted its position in Helmerich & Payne by 6.3% during the 3rd quarter. Fruth Investment Management now owns 13,425 shares of the oil and gas company’s stock worth $408,000 after buying an additional 800 shares during the period. AlphaMark Advisors LLC grew its holdings in Helmerich & Payne by 13.1% during the 3rd quarter. AlphaMark Advisors LLC now owns 9,086 shares of the oil and gas company’s stock worth $276,000 after acquiring an additional 1,055 shares during the last quarter. Finally, 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 during the period. Institutional investors own 96.05% of the company’s stock.

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.