Yousif Capital Management LLC Reduces Stock Position in Helmerich & Payne, Inc. (NYSE:HP)

Yousif Capital Management LLC cut its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 2.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,373 shares of the oil and gas company’s stock after selling 758 shares during the period. Yousif Capital Management LLC’s holdings in Helmerich & Payne were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HP. ARGA Investment Management LP boosted its holdings 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 valued at $86,013,000 after buying an additional 801,000 shares in the last quarter. DMC Group LLC raised its stake in Helmerich & Payne by 22.0% during the 4th quarter. DMC Group LLC now owns 10,180 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 1,836 shares during the last quarter. KBC Group NV lifted its position in Helmerich & Payne by 56.5% during the 4th quarter. KBC Group NV now owns 4,899 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 1,769 shares during the period. Blue Trust Inc. grew its stake in shares of Helmerich & Payne by 143.3% in the 4th quarter. Blue Trust Inc. now owns 3,703 shares of the oil and gas company’s stock valued at $113,000 after purchasing an additional 2,181 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Helmerich & Payne by 5.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 33,567 shares of the oil and gas company’s stock valued at $1,075,000 after purchasing an additional 1,764 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Helmerich & Payne

In other news, Director Belgacem Chariag bought 37,356 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the transaction, the director now owns 54,606 shares in the company, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John W. Lindsay bought 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, for a total transaction of $551,000.00. Following the purchase, the chief executive officer now directly owns 691,214 shares in the company, 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. 4.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HP shares. Evercore ISI reaffirmed an “in-line” rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Barclays reduced their price target on shares of Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Argus raised shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Finally, Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $33.00 to $40.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus target price of $38.75.

Helmerich & Payne Price Performance

HP opened at $27.28 on Friday. The company has a 50 day moving average of $32.49 and a two-hundred day moving average of $33.40. The company has a quick ratio of 2.40, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a 52-week low of $26.35 and a 52-week high of $44.11. The company has a market cap of $2.71 billion, a P/E ratio of 8.97, a P/E/G ratio of 3.41 and a beta of 1.37.

Helmerich & Payne (NYSE:HP) last posted 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 net margin of 11.02% and a return on equity of 11.31%. On average, analysts expect that Helmerich & Payne, Inc. will post 3.11 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, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 dividend on an annualized basis and a yield of 3.67%. Helmerich & Payne’s dividend payout ratio (DPR) is 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.