2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. decreased its holdings in shares of Helmerich & Payne, Inc. ( NYSE:HP – Free Report ) by 4.
9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,283 shares of the oil and gas company’s stock after selling 18,253 shares during the period. Envestnet Asset Management Inc.
’s holdings in Helmerich & Payne were worth $11,440,000 at the end of the most recent reporting period. Several other large investors have also added to or reduced their stakes in HP. MML Investors Services LLC grew its holdings in Helmerich & Payne by 9.
3% in the third quarter. MML Investors Services LLC now owns 28,034 shares of the oil and gas company’s stock worth $853,000 after purchasing an additional 2,392 shares during the period. Barclays PLC increased its position in Helmerich & Payne by 320.
2% in the 3rd quarter. Barclays PLC now owns 198,415 shares of the oil and gas company’s stock valued at $6,035,000 after buying an additional 151,196 shares in the last quarter. Geode Capital Management LLC increased its position in Helmerich & Payne by 1.
0% in the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock valued at $68,373,000 after buying an additional 22,875 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Helmerich & Payne during the 3rd quarter worth approximately $452,000.
Finally, Tidal Investments LLC boosted its holdings in Helmerich & Payne by 66.4% in the third quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company’s stock worth $2,142,000 after acquiring an additional 28,101 shares in the last quarter.
Institutional investors and hedge funds own 96.05% of the company’s stock. Insider Buying and Selling at Helmerich & Payne In other Helmerich & Payne news, Director Belgacem Chariag bought 37,356 shares of the stock in a transaction on Monday, February 10th.
The shares were acquired at an average price of $27.08 per share, with a total value of $1,011,600.48.
Following the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CEO John W.
Lindsay purchased 20,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $27.55 per share, for a total transaction of $551,000.
00. Following the completion of the transaction, the chief executive officer now owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70.
This trade represents a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
Corporate insiders own 4.51% of the company’s stock. Helmerich & Payne Stock Performance Helmerich & Payne ( NYSE:HP – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 5th.
The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.
02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.
02%. As a group, sell-side analysts expect 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 $0.
25 dividend. This represents a $1.00 annualized dividend and a yield of 4.
86%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne’s dividend payout ratio is 32.
89%. Analyst Upgrades and Downgrades A number of brokerages have commented on HP. The Goldman Sachs Group decreased their price target on shares of Helmerich & Payne from $32.
00 to $25.00 and set a “sell” rating for the company in a research note on Thursday, April 10th. Evercore ISI reissued an “in-line” rating and set a $39.
00 target price (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Barclays dropped 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. Morgan Stanley reissued an “underweight” rating and set a $27.
00 price objective on shares of Helmerich & Payne in a report on Thursday, March 27th. Finally, Royal Bank of Canada dropped their target price on Helmerich & Payne from $41.00 to $35.
00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.
com, Helmerich & Payne presently has an average rating of “Hold” and an average price target of $31.78. Check Out Our Latest Stock Report on HP About Helmerich & Payne ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc.
( NYSE:HP – Free Report ). Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter .
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