Keene & Associates Inc. Has $325,000 Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Keene & Associates Inc. lifted its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 31.3% in the 4th quarter, Holdings Channel reports. The firm owned 10,140 shares of the oil and gas company’s stock after buying an additional 2,415 shares during the quarter. Keene & Associates Inc.’s holdings in Helmerich & Payne were worth $325,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp lifted its position in shares of Helmerich & Payne by 0.8% in the third quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after buying an additional 34,395 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Helmerich & Payne by 42.5% in 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 purchasing an additional 801,000 shares during the last quarter. Geode Capital Management LLC boosted its position in Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after purchasing an additional 22,875 shares during the period. Van ECK Associates Corp boosted its position in 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 worth $48,739,000 after purchasing an additional 329,734 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Helmerich & Payne by 3.4% during the third 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 purchasing an additional 49,982 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors.

Insider Transactions at Helmerich & Payne

In other news, CEO John W. Lindsay acquired 20,000 shares of the firm’s stock in a transaction on 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 purchase, the chief executive officer now owns 691,214 shares of the company’s stock, valued at $19,042,945.70. This represents a 2.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 price of $27.08 per share, with a total value of $1,011,600.48. Following the purchase, the director now directly owns 54,606 shares of the company’s stock, valued at $1,478,730.48. The trade was a 216.56 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HP. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $40.00 in a research note on Friday, January 10th. Evercore ISI restated an “in-line” rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Barclays cut their price target on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.75.

Helmerich & Payne Stock Down 1.0 %

Shares of HP stock opened at $26.28 on Wednesday. Helmerich & Payne, Inc. has a one year low of $25.69 and a one year high of $44.11. 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 stock has a fifty day moving average price of $32.05 and a 200 day moving average price of $33.07. The stock has a market cap of $2.61 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 3.43 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 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%. Analysts predict that Helmerich & Payne, Inc. will post 2.95 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, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.80%. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

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.