New York State Common Retirement Fund Acquires 124,103 Shares of Helmerich & Payne, Inc. (NYSE:HP)

New York State Common Retirement Fund boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 863,149 shares of the oil and gas company’s stock after acquiring an additional 124,103 shares during the period. New York State Common Retirement Fund owned about 0.86% of Helmerich & Payne worth $27,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in 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 acquiring an additional 34,395 shares in the last quarter. ARGA Investment Management LP grew its holdings in Helmerich & Payne by 42.5% during the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock worth $86,013,000 after acquiring an additional 801,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Helmerich & Payne by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock valued at $68,373,000 after buying an additional 22,875 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of 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. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Helmerich & Payne by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company’s stock valued at $45,772,000 after buying an additional 49,982 shares in the last quarter. 96.05% of the stock is currently owned by institutional investors.

Helmerich & Payne Stock Down 3.2 %

HP stock opened at $26.23 on Friday. Helmerich & Payne, Inc. has a 52 week low of $25.69 and a 52 week high of $44.11. 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 stock has a market capitalization of $2.61 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 3.32 and a beta of 1.37. The firm has a 50 day moving average of $31.60 and a 200 day moving average of $32.92.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Helmerich & Payne, Inc. will post 2.95 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, February 14th. Helmerich & Payne’s dividend payout ratio is presently 32.89%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HP. 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. Barclays lowered their price target on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Finally, Citigroup upgraded shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $37.25.

Insiders Place Their Bets

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

Helmerich & Payne Company 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.