Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Vestcor Inc

Vestcor Inc boosted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 41.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,761 shares of the oil and gas company’s stock after purchasing an additional 2,867 shares during the quarter. Vestcor Inc’s holdings in Helmerich & Payne were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Helmerich & Payne by 0.8% during the 3rd quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after purchasing an additional 34,395 shares during the last quarter. ARGA Investment Management LP raised 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 buying an additional 801,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Helmerich & Payne by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after buying an additional 22,875 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Helmerich & Payne by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company’s stock worth $49,885,000 after buying an additional 53,277 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Helmerich & Payne by 27.7% during the 4th quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company’s stock worth $48,739,000 after acquiring an additional 329,734 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Helmerich & Payne Price Performance

Shares of NYSE:HP opened at $25.31 on Tuesday. Helmerich & Payne, Inc. has a one year low of $23.80 and a one year high of $44.11. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 3.52 and a beta of 1.42. The company has a 50-day simple moving average of $29.72 and a 200-day simple moving average of $31.99. 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%. On average, analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

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 given a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 3.95%. Helmerich & Payne’s dividend payout ratio (DPR) is 32.89%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HP shares. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, November 21st. Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Royal Bank of Canada lowered their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th. Finally, Barclays decreased their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of “Hold” and an average price target of $37.25.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $27.08 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 in the company, valued at $1,478,730.48. This represents a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired 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 of the company’s stock, valued at $19,042,945.70. This trade 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 corporate 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.