Kestra Investment Management LLC Makes New Investment in Helmerich & Payne, Inc. (NYSE:HP)

Kestra Investment Management LLC bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 851 shares of the oil and gas company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently modified their holdings of HP. Covestor Ltd increased its position in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 643 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Helmerich & Payne by 127.8% in the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 854 shares in the last quarter. Quarry LP acquired a new stake in shares of Helmerich & Payne during the third quarter worth about $48,000. Eastern Bank acquired a new stake in shares of Helmerich & Payne during the third quarter worth about $61,000. Finally, Steph & Co. bought a new position in shares of Helmerich & Payne during the 4th quarter valued at about $87,000. 96.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank of Canada lowered their target price on 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. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Barclays cut their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Argus raised 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 assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.25.

Helmerich & Payne Stock Down 3.2 %

HP stock opened at $26.23 on Friday. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 3.52 and a beta of 1.37. Helmerich & Payne, Inc. has a twelve month low of $25.69 and a twelve month high of $44.11. The business has a 50 day moving average price of $31.60 and a two-hundred day moving average price of $32.91. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60.

Helmerich & Payne (NYSE:HP) last released its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share 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%. Analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.81%. Helmerich & Payne’s payout ratio is 32.89%.

Insider Activity

In other Helmerich & Payne news, Director Belgacem Chariag bought 37,356 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now owns 54,606 shares of the company’s stock, valued at $1,478,730.48. The trade was 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 accessible through this hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of $27.55 per share, with a total value of $551,000.00. Following the acquisition, the chief executive officer now directly owns 691,214 shares in the company, valued at approximately $19,042,945.70. The trade was 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 owned by insiders.

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.