1 week Ago By Defense World Staff
JPMorgan Chase & Co. raised its position in shares of Helmerich & Payne, Inc. (NYSE:HP – Free Report) by 21.
7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 721,831 shares of the oil and gas company’s stock after acquiring an additional 128,501 shares during the quarter. JPMorgan Chase & Co.
owned about 0.73% of Helmerich & Payne worth $23,113,000 as of its most recent SEC filing. Other large investors have also recently bought and sold shares of the company.
ARGA Investment Management LP increased its stake in Helmerich & Payne by 42.5% in the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock valued at $86,013,000 after purchasing an additional 801,000 shares in the last quarter.
Van ECK Associates Corp increased its position in Helmerich & Payne by 27.7% in the 4th quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company’s stock valued at $48,739,000 after buying an additional 329,734 shares in the last quarter.
American Century Companies Inc. raised its stake in Helmerich & Payne by 14.0% during the 4th quarter.
American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock worth $85,121,000 after buying an additional 327,374 shares during the period. Barclays PLC boosted its holdings in Helmerich & Payne by 320.
2% in the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock worth $6,035,000 after acquiring an additional 151,196 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Helmerich & Payne by 16.
8% in the fourth quarter. New York State Common Retirement Fund now owns 863,149 shares of the oil and gas company’s stock valued at $27,638,000 after acquiring an additional 124,103 shares during the period. 96.
05% of the stock is currently owned by institutional investors and hedge funds. Helmerich & Payne Price PerformanceShares of NYSE HP opened at $21.77 on Thursday.
The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.
60. The company has a market capitalization of $2.16 billion, a PE ratio of 7.
16, a PEG ratio of 3.52 and a beta of 1.00.
The stock’s 50 day moving average price is $25.65 and its 200-day moving average price is $30.98.
Helmerich & Payne, Inc. has a twelve month low of $17.82 and a twelve month high of $43.
41. Helmerich & Payne (NYSE:HP – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.
71 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.
Helmerich & Payne Announces DividendThe business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a $0.25 dividend.
This represents a $1.00 annualized dividend and a yield of 4.59%.
The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio is 32.89%.
Wall Street Analyst Weigh InHP has been the topic of a number of recent research reports. Argus upgraded Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Citigroup dropped their price objective on shares of Helmerich & Payne from $33.
00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday. Morgan Stanley reissued an “underweight” rating and set a $27.
00 target price on shares of Helmerich & Payne in a research report on Thursday, March 27th. Royal Bank of Canada dropped their price target on shares of Helmerich & Payne from $41.00 to $35.
00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, Barclays decreased their price objective on Helmerich & Payne from $36.00 to $24.
00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.
com, the stock currently has an average rating of “Hold” and a consensus price target of $35.22.Check Out Our Latest Research Report on HPInsider ActivityIn other Helmerich & Payne news, CEO John W.
Lindsay purchased 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $27.55 per share, with a total value 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.
This trade represents a 2.98 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Also, Director Belgacem Chariag acquired 37,356 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired 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 owns 54,606 shares in the company, valued at $1,478,730.48.
This trade represents a 216.56 % increase in their position. The disclosure for this purchase can be found here.
Insiders own 4.51% of the company’s stock. Helmerich & Payne Profile (Free Report)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.Further ReadingFive stocks we like better than Helmerich & PayneMastering Discipline: Overcoming Emotional Challenges In TradingQuantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreWhat is a Death Cross in Stocks?Are Tariffs Threatening Disney’s Comeback Story?3 Monster Growth Stocks to Buy NowIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding HP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc. (NYSE:HP – Free Report)..
