Segall Bryant & Hamill LLC Buys 93,315 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Segall Bryant & Hamill LLC boosted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,886 shares of the oil and gas company’s stock after purchasing an additional 93,315 shares during the period. Segall Bryant & Hamill LLC owned about 0.68% of Helmerich & Payne worth $21,514,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC acquired a new stake in Helmerich & Payne in the fourth quarter valued at $27,000. Quarry LP acquired a new stake in shares of Helmerich & Payne in the third quarter valued at about $48,000. Steph & Co. bought a new position in shares of Helmerich & Payne during the fourth quarter worth about $87,000. Smartleaf Asset Management LLC lifted its stake in shares of Helmerich & Payne by 82.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock worth $88,000 after acquiring an additional 1,268 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Helmerich & Payne by 143.3% in the fourth 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 last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of HP stock opened at $25.46 on Tuesday. Helmerich & Payne, Inc. has a 52 week low of $23.80 and a 52 week high of $44.11. The firm’s 50-day simple moving average is $28.87 and its two-hundred day simple moving average is $31.77. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 3.52 and a beta of 1.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81.

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, 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 analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio (DPR) is currently 32.89%.

Insider Activity at Helmerich & Payne

In related news, CEO John W. Lindsay bought 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, for a total transaction of $551,000.00. Following the completion of the transaction, the chief executive officer now directly owns 691,214 shares in the company, valued at approximately $19,042,945.70. The trade was a 2.98 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Belgacem Chariag purchased 37,356 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now directly owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. This trade represents a 216.56 % 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.

Analysts Set New Price Targets

HP has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Barclays dropped their target price on shares of 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. Evercore ISI restated an “in-line” rating and issued a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Finally, Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the company from $33.00 to $40.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and a consensus target price of $37.25.

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.