Sprott Inc. Has $18.99 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Sprott Inc. raised its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 593,069 shares of the oil and gas company’s stock after purchasing an additional 10,800 shares during the period. Helmerich & Payne makes up about 1.1% of Sprott Inc.’s portfolio, making the stock its 25th largest holding. Sprott Inc. owned approximately 0.59% of Helmerich & Payne worth $18,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. KBC Group NV raised its position in shares of Helmerich & Payne by 20.3% in the 3rd quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock valued at $95,000 after buying an additional 529 shares in the last quarter. Covestor Ltd raised its position in Helmerich & Payne by 76.9% during the third quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 643 shares in the last quarter. Franklin Resources Inc. lifted its stake in Helmerich & Payne by 0.4% during the third quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock worth $4,793,000 after purchasing an additional 666 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Helmerich & Payne in the 4th quarter valued at $27,000. Finally, Blue Trust Inc. increased its stake in shares of 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 purchasing an additional 854 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Ratings Changes

HP has been the subject of several recent analyst reports. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Royal Bank of Canada dropped 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. Barclays reduced their price objective on 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. Finally, Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their target price for the company 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, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.25.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag bought 37,356 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the acquisition, the chief executive officer now owns 691,214 shares of the company’s stock, valued at $19,042,945.70. This represents a 2.98 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by corporate insiders.

Helmerich & Payne Stock Down 2.8 %

Shares of HP opened at $26.88 on Wednesday. The stock’s 50-day moving average price is $31.37 and its two-hundred day moving average price is $32.80. Helmerich & Payne, Inc. has a 12 month low of $25.69 and a 12 month high of $44.11. The company has a market capitalization of $2.67 billion, a PE ratio of 8.84, a PEG ratio of 3.52 and a beta of 1.37. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data 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 return on equity of 11.31% and a net margin of 11.02%. On average, analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

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.