Semanteon Capital Management LP Reduces Position in Helmerich & Payne, Inc. (NYSE:HP)

Semanteon Capital Management LP lessened its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 70.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,016 shares of the oil and gas company’s stock after selling 26,017 shares during the period. Semanteon Capital Management LP’s holdings in Helmerich & Payne were worth $353,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Magnetar Financial LLC grew its position in Helmerich & Payne by 389.3% during the 4th quarter. Magnetar Financial LLC now owns 38,754 shares of the oil and gas company’s stock worth $1,241,000 after purchasing an additional 30,833 shares during the last quarter. Xponance Inc. purchased a new stake in Helmerich & Payne during the 4th quarter worth approximately $247,000. Intech Investment Management LLC grew its position in Helmerich & Payne by 118.4% during the 4th quarter. Intech Investment Management LLC now owns 68,470 shares of the oil and gas company’s stock worth $2,192,000 after purchasing an additional 37,125 shares during the last quarter. Cibc World Markets Corp purchased a new stake in Helmerich & Payne during the 4th quarter worth approximately $290,000. Finally, Natixis Advisors LLC grew its position in Helmerich & Payne by 4.1% during the 4th quarter. Natixis Advisors LLC now owns 22,239 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Insiders Place Their Bets

In related news, Director Belgacem Chariag acquired 37,356 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the transaction, the director now owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John W. Lindsay acquired 20,000 shares of Helmerich & Payne stock in a transaction on 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 of the company’s stock, 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 company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Royal Bank of Canada decreased their price objective on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. 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. Evercore ISI restated an “in-line” rating and set a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Argus upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $37.25.

Helmerich & Payne Stock Performance

HP opened at $24.78 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. The firm has a fifty day moving average price of $29.07 and a 200 day moving average price of $31.80. Helmerich & Payne, Inc. has a 1 year low of $23.80 and a 1 year high of $44.11. The stock has a market cap of $2.46 billion, a P/E ratio of 8.15, a P/E/G ratio of 3.52 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. Equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio is presently 32.89%.

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.