Navellier & Associates Inc. Buys 2,673 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Navellier & Associates Inc. lifted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 36.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,090 shares of the oil and gas company’s stock after buying an additional 2,673 shares during the quarter. Navellier & Associates Inc.’s holdings in Helmerich & Payne were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HP. Principal Securities Inc. purchased a new position in Helmerich & Payne during the fourth quarter valued at approximately $35,000. GAMMA Investing LLC bought a new position in Helmerich & Payne in the 4th quarter worth $73,000. Quadrant Capital Group LLC increased its stake in Helmerich & Payne by 12.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,548 shares of the oil and gas company’s stock worth $201,000 after buying an additional 625 shares in the last quarter. LSV Asset Management bought a new stake in Helmerich & Payne during the third quarter valued at about $202,000. Finally, AlphaMark Advisors LLC lifted its position in shares of Helmerich & Payne by 5.8% in the fourth quarter. AlphaMark Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $230,000 after acquiring an additional 346 shares in the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Cara M. Hair sold 9,910 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the transaction, the senior vice president now owns 137,764 shares of the company’s stock, valued at $5,540,868.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Cara M. Hair sold 9,910 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the completion of the sale, the senior vice president now owns 137,764 shares in the company, valued at approximately $5,540,868.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark W. Smith sold 16,000 shares of Helmerich & Payne stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the transaction, the chief financial officer now directly owns 144,870 shares in the company, valued at $5,865,786.30. The disclosure for this sale can be found here. 4.38% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HP has been the topic of several recent analyst reports. Susquehanna decreased their target price on Helmerich & Payne from $52.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, April 26th. Royal Bank of Canada raised their target price on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Piper Sandler decreased their price target on shares of Helmerich & Payne from $44.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 6th. Citigroup raised their price objective on Helmerich & Payne from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $42.00.

Helmerich & Payne Trading Up 0.7 %

HP traded up $0.28 during trading on Friday, reaching $38.49. The company had a trading volume of 950,487 shares, compared to its average volume of 1,180,063. The company has a quick ratio of 1.92, a current ratio of 2.16 and a debt-to-equity ratio of 0.19. The business has a 50 day simple moving average of $40.77 and a 200-day simple moving average of $38.40. The stock has a market cap of $3.80 billion, a P/E ratio of 11.00, a PEG ratio of 1.87 and a beta of 1.51. Helmerich & Payne, Inc. has a 52 week low of $30.85 and a 52 week high of $46.55.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.01). Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The firm had revenue of $687.94 million during the quarter, compared to the consensus estimate of $682.51 million. During the same quarter last year, the business posted $1.26 EPS. Helmerich & Payne’s revenue was down 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Helmerich & Payne, Inc. will post 3.51 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 4.36%. Helmerich & Payne’s payout ratio is 28.57%.

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.