341,387 Shares in Helmerich & Payne, Inc. (NYSE:HP) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 341,387 shares of the oil and gas company’s stock, valued at approximately $10,931,000. ExodusPoint Capital Management LP owned approximately 0.34% of Helmerich & Payne as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HP. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Helmerich & Payne by 18.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company’s stock valued at $13,242,000 after purchasing an additional 64,971 shares during the last quarter. Private Capital Management LLC acquired a new stake in Helmerich & Payne in the third quarter valued at about $1,095,000. Fisher Asset Management LLC grew its position in Helmerich & Payne by 4.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company’s stock valued at $45,268,000 after acquiring an additional 62,377 shares during the last quarter. Legato Capital Management LLC raised its stake in Helmerich & Payne by 93.9% during the fourth quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company’s stock worth $2,436,000 after acquiring an additional 36,828 shares in the last quarter. Finally, Magnetar Financial LLC lifted its holdings in shares of Helmerich & Payne by 389.3% in the fourth quarter. Magnetar Financial LLC now owns 38,754 shares of the oil and gas company’s stock worth $1,241,000 after acquiring an additional 30,833 shares during the last quarter. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HP shares. Barclays lowered 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 report on Wednesday, February 19th. Morgan Stanley reiterated an “underweight” rating and issued a $27.00 price target on shares of Helmerich & Payne in a research note on Thursday, March 27th. Royal Bank of Canada reduced their price objective on 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. Argus raised Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th. Finally, Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $40.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.11.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Belgacem Chariag bought 37,356 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the transaction, the director now directly owns 54,606 shares of the company’s stock, valued at approximately $1,478,730.48. This represents a 216.56 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the purchase, the chief executive officer now owns 691,214 shares in the company, 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. Insiders own 4.51% of the company’s stock.

Helmerich & Payne Stock Down 12.9 %

Helmerich & Payne stock opened at $19.77 on Friday. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 3.52 and a beta of 1.43. Helmerich & Payne, Inc. has a 52-week low of $19.53 and a 52-week high of $44.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The firm has a 50 day moving average price of $26.89 and a two-hundred day moving average price of $31.40.

Helmerich & Payne (NYSE:HP) last released 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 analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.06%. Helmerich & Payne’s payout ratio is currently 32.89%.

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.