Monument Capital Management Buys New Shares in Helmerich & Payne, Inc. (NYSE:HP)

Monument Capital Management bought a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,372 shares of the oil and gas company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. State Street Corp increased its stake in Helmerich & Payne by 0.8% during the third quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock worth $127,246,000 after acquiring an additional 34,395 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Helmerich & Payne by 42.5% during the fourth quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock worth $86,013,000 after buying an additional 801,000 shares during the period. Geode Capital Management LLC lifted its holdings in Helmerich & Payne by 1.0% during the third quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after buying an additional 22,875 shares during the period. Van ECK Associates Corp lifted its holdings 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 worth $48,739,000 after buying an additional 329,734 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Helmerich & Payne by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company’s stock valued at $45,772,000 after purchasing an additional 49,982 shares during the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HP. Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a report on Friday, January 10th. Barclays cut their target price on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 20th. Benchmark reissued a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Argus raised Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada cut their target price on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.75.

Insiders Place Their Bets

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of the company’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the purchase, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $27.55 per share, with a total value of $551,000.00. Following the completion of the transaction, the chief executive officer now owns 691,214 shares in the company, valued at approximately $19,042,945.70. The trade was a 2.98 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.51% of the company’s stock.

Helmerich & Payne Stock Down 2.8 %

HP stock opened at $26.53 on Monday. The firm has a market cap of $2.64 billion, a PE ratio of 8.73, a PEG ratio of 3.41 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.40 and a current ratio of 2.81. The firm’s 50 day moving average price is $32.35 and its 200-day moving average price is $33.22. Helmerich & Payne, Inc. has a one year low of $26.32 and a one year high of $44.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Helmerich & Payne, Inc. will post 3.11 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. 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.