Capital Advisors Inc. OK Cuts Holdings in Helmerich & Payne, Inc. (NYSE:HP)

Capital Advisors Inc. OK lessened its stake in Helmerich & Payne, Inc. (NYSE:HP) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,900 shares of the oil and gas company’s stock after selling 2,198 shares during the quarter. Capital Advisors Inc. OK’s holdings in Helmerich & Payne were worth $317,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. KBC Group NV lifted its stake 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 acquiring an additional 529 shares during the last quarter. Covestor Ltd lifted its position in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 643 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of 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 in the last quarter. Blue Trust Inc. increased its holdings in Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after buying an additional 854 shares during the last quarter. Finally, Lmcg Investments LLC increased its holdings in Helmerich & Payne by 0.8% in the third quarter. Lmcg Investments LLC now owns 120,599 shares of the oil and gas company’s stock valued at $3,669,000 after buying an additional 924 shares during the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Price Performance

HP stock opened at $26.96 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2.68 billion, a P/E ratio of 8.87, a PEG ratio of 3.41 and a beta of 1.37. The business has a 50 day simple moving average of $32.64 and a 200-day simple moving average of $33.44. Helmerich & Payne, Inc. has a twelve month low of $26.35 and a twelve month high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share 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%. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.11 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

Analyst Upgrades and Downgrades

HP has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Barclays decreased their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Evercore ISI restated an “in-line” rating and issued a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Citigroup raised shares of 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 research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $38.75.

Insider Activity at Helmerich & Payne

In other news, Director Belgacem Chariag acquired 37,356 shares of the business’s stock in a transaction on Monday, February 10th. The stock was 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 owns 54,606 shares in the company, valued at $1,478,730.48. This represents a 216.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the acquisition, the chief executive officer now owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70. This represents a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

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.