SBI Securities Co. Ltd. Makes New Investment in Helmerich & Payne, Inc. (NYSE:HP)

SBI Securities Co. Ltd. bought a new position in shares of Helmerich & Payne, Inc. (NYSE:HP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,101 shares of the oil and gas company’s stock, valued at approximately $131,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HP. Kestra Investment Management LLC acquired a new stake in Helmerich & Payne during the 4th quarter worth $27,000. Covestor Ltd boosted its position in shares of Helmerich & Payne by 76.9% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 643 shares during the last quarter. Quarry LP acquired a new position in shares of Helmerich & Payne during the 3rd quarter valued at about $48,000. Steph & Co. acquired a new position in shares of Helmerich & Payne during the 4th quarter valued at about $87,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Helmerich & Payne by 82.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 1,268 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. 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 research report on Wednesday, February 19th. Argus raised shares of Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Evercore ISI reissued an “in-line” rating and set a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their price target for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada decreased their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. One research 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.

Insiders Place Their Bets

In other news, Director Belgacem Chariag bought 37,356 shares of the business’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 owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. This represents a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Lindsay bought 20,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The stock was purchased 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 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 disclosure for this purchase can be found here. Insiders own 4.51% of the company’s stock.

Helmerich & Payne Trading Up 2.0 %

NYSE HP opened at $25.59 on Friday. The firm’s 50-day moving average is $30.67 and its two-hundred day moving average is $32.39. Helmerich & Payne, Inc. has a 12 month low of $23.80 and a 12 month 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 market capitalization of $2.54 billion, a P/E ratio of 8.42, a PEG ratio of 3.52 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last issued 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%. On average, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.91%. Helmerich & Payne’s dividend payout ratio (DPR) 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.