6 days Ago By ABMN Staff
Mariner LLC lessened its holdings in Helmerich & Payne, Inc. ( NYSE:HP – Free Report ) by 3.5% in the 4th quarter, Holdings Channel.
com reports. The firm owned 25,106 shares of the oil and gas company’s stock after selling 920 shares during the quarter. Mariner LLC’s holdings in Helmerich & Payne were worth $804,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of HP. ARGA Investment Management LP lifted its position in shares of 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 period. Norges Bank purchased a new stake in Helmerich & Payne during the fourth quarter valued at approximately $21,572,000. ExodusPoint Capital Management LP purchased a new stake in Helmerich & Payne during the fourth quarter valued at approximately $10,931,000.
Van ECK Associates Corp lifted 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 valued at $48,739,000 after acquiring an additional 329,734 shares during the last quarter.
Finally, American Century Companies Inc. lifted its position in Helmerich & Payne by 14.0% during the fourth quarter.
American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock valued at $85,121,000 after acquiring an additional 327,374 shares during the last quarter. Hedge funds and other institutional investors own 96.
05% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts recently commented on the stock. Morgan Stanley reissued an “underweight” rating and set a $27.
00 target price on shares of Helmerich & Payne in a research report on Thursday, March 27th. Evercore ISI reissued an “in-line” rating and set a $39.00 target price (down previously from $48.
00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. 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 for the company in a research report on Friday, February 7th. Citigroup decreased their target price on shares of Helmerich & Payne from $33.00 to $32.
00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays decreased their price target on shares of Helmerich & Payne from $36.00 to $24.
00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.
com, Helmerich & Payne currently has an average rating of “Hold” and a consensus target price of $31.78. Insider Activity at Helmerich & Payne In other Helmerich & Payne news, CEO John W.
Lindsay bought 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at approximately $19,042,945.70.
The trade was a 2.98 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink .
Also, Director Belgacem Chariag purchased 37,356 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $27.08 per share, with a total value of $1,011,600.
48. Following the purchase, the director now owns 54,606 shares in the company, valued at $1,478,730.48.
This represents a 216.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here .
4.51% of the stock is owned by company insiders. Helmerich & Payne Stock Down 0.
8 % NYSE:HP opened at $19.82 on Tuesday. The firm has a market capitalization of $1.
97 billion, a P/E ratio of 6.52, a PEG ratio of 3.52 and a beta of 1.
00. Helmerich & Payne, Inc. has a 1-year low of $17.
82 and a 1-year high of $42.60. The company’s fifty day moving average price is $23.
47 and its 200-day moving average price is $29.77. The company has a debt-to-equity ratio of 0.
60, a current ratio of 2.81 and a quick ratio of 2.52.
Helmerich & Payne ( NYSE:HP – Get Free Report ) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share 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%. As a group, equities research analysts anticipate that Helmerich & Payne, Inc.
will post 2.93 EPS for the current year. Helmerich & Payne Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th.
Stockholders of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 15th.
This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.05%.
Helmerich & Payne’s payout ratio is currently 32.89%. 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. See Also 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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