1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC trimmed its holdings in Helmerich & Payne, Inc. ( NYSE:HP – Free Report ) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 14,151 shares of the oil and gas company’s stock after selling 781 shares during the period. Orion Portfolio Solutions LLC’s holdings in Helmerich & Payne were worth $453,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds have also recently made changes to their positions in HP.
ARGA Investment Management LP grew its holdings in Helmerich & Payne by 42.5% during the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock worth $86,013,000 after buying an additional 801,000 shares in the last quarter.
Norges Bank bought a new stake in shares of Helmerich & Payne in the 4th quarter worth $21,572,000. Van ECK Associates Corp lifted its position in shares of Helmerich & Payne by 27.7% during the fourth 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 purchasing an additional 329,734 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Helmerich & Payne by 14.
0% during the fourth quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock valued at $85,121,000 after purchasing an additional 327,374 shares in the last quarter.
Finally, Barclays PLC boosted its holdings in Helmerich & Payne by 320.2% during the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock worth $6,035,000 after purchasing an additional 151,196 shares during the last quarter.
96.05% of the stock is currently owned by institutional investors and hedge funds. Insider Activity at Helmerich & Payne In other news, Director Belgacem Chariag acquired 37,356 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th.
The stock was bought at an average price of $27.08 per share, with a total value of $1,011,600.48.
Following the completion of the purchase, the director now owns 54,606 shares in the company, valued at approximately $1,478,730.48. The trade was a 216.
56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link . Also, CEO John W.
Lindsay bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 directly owns 691,214 shares in the company, valued at $19,042,945.70.
This trade 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 Price Performance Helmerich & Payne ( NYSE:HP – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 5th.
The oil and gas company reported $0.71 EPS for the quarter, beating 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%. Research analysts predict that Helmerich & Payne, Inc. will post 2.
93 earnings per share for the current year. Helmerich & Payne Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.
25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.
99%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.
89%. Analyst Upgrades and Downgrades HP has been the subject of several analyst reports. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.
00 to $40.00 in a research note on Friday, January 10th. Evercore ISI reiterated 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. Argus upgraded Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th.
Morgan Stanley reiterated an “underweight” rating and set a $27.00 target price on shares of Helmerich & Payne in a research note on Thursday, March 27th. Finally, Barclays reduced their price target on shares of Helmerich & Payne from $36.
00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.11.
View Our Latest Stock Report on Helmerich & Payne 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. See Also Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.
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