Helmerich & Payne, Inc. (NYSE:HP) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,845 shares of the oil and gas company’s stock after buying an additional 5,207 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Helmerich & Payne worth $5,246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC grew 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 boosted its holdings in shares of Helmerich & Payne by 1.0% in the third 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 acquiring an additional 22,875 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Helmerich & Payne during the third quarter valued at approximately $452,000. Tidal Investments LLC raised its holdings in Helmerich & Payne by 66.4% during the third quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company’s stock worth $2,142,000 after purchasing an additional 28,101 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in Helmerich & Payne by 0.4% in the third quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company’s stock worth $4,793,000 after purchasing an additional 666 shares during the period. 96.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

HP has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $32.00 to $25.00 and set a “sell” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley reaffirmed an “underweight” rating and set a $27.00 target price on shares of Helmerich & Payne in a report on Thursday, March 27th. Argus raised shares of Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Evercore ISI reaffirmed an “in-line” rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Finally, Barclays dropped their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and an average target price of $31.78.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the acquisition, the director now owns 54,606 shares of the company’s stock, valued at $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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, with a total value of $551,000.00. Following the purchase, the chief executive officer now owns 691,214 shares in the company, valued at $19,042,945.70. This represents a 2.98 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.51% of the company’s stock.

Helmerich & Payne Stock Performance

Shares of HP opened at $20.59 on Monday. The company has a 50-day moving average of $24.27 and a two-hundred day moving average of $30.40. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 3.52 and a beta of 1.00. 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, Inc. has a one year low of $17.82 and a one year high of $42.68.

Helmerich & Payne (NYSE:HP) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 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, equities research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share 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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 4.86%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 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.