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

Hara Capital LLC increased its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 519.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,114 shares of the oil and gas company’s stock after acquiring an additional 51,245 shares during the period. Helmerich & Payne comprises 1.3% of Hara Capital LLC’s investment portfolio, making the stock its 19th biggest position. Hara Capital LLC owned approximately 0.06% of Helmerich & Payne worth $1,957,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HP. KBC Group NV lifted its stake in Helmerich & Payne by 20.3% during the third quarter. KBC Group NV now owns 3,130 shares of the oil and gas company’s stock worth $95,000 after purchasing an additional 529 shares during the last quarter. Covestor Ltd increased 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 worth $45,000 after buying an additional 643 shares during the period. Franklin Resources Inc. increased its position 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 buying an additional 666 shares during the period. Kestra Investment Management LLC acquired a new position in Helmerich & Payne during the fourth quarter worth approximately $27,000. Finally, Blue Trust Inc. increased its position in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays cut their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Evercore ISI reissued 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, Argus raised Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.75.

Helmerich & Payne Stock Down 2.8 %

Shares of NYSE:HP opened at $26.53 on Tuesday. 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 52-week low of $26.32 and a 52-week high of $44.11. The stock’s fifty day simple moving average is $32.20 and its 200-day simple moving average is $33.14. The company has a market capitalization of $2.64 billion, a P/E ratio of 8.73, a P/E/G ratio of 3.41 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 (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. As a group, equities research analysts forecast that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm 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. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.77%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.89%.

Insider Buying and Selling

In other news, Director Belgacem Chariag purchased 37,356 shares of the company’s stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the purchase, the director now directly owns 54,606 shares of the company’s stock, valued at $1,478,730.48. The trade was a 216.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the company’s stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the purchase, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at $19,042,945.70. The trade was 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 company insiders.

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.