Belgacem Chariag Buys 37,356 Shares of Helmerich & Payne, Inc. (NYSE:HP) Stock

Helmerich & Payne, Inc. (NYSE:HP) Director Belgacem Chariag acquired 37,356 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now owns 54,606 shares in the company, valued at $1,478,730.48. The trade was a 216.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Helmerich & Payne Trading Up 1.2 %

Shares of HP stock opened at $27.28 on Friday. The company has a market capitalization of $2.71 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 3.41 and a beta of 1.37. Helmerich & Payne, Inc. has a 52-week low of $26.35 and a 52-week high of $44.11. The business’s fifty day moving average is $32.49 and its 200 day moving average is $33.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.40 and a current ratio of 2.81.

Helmerich & Payne (NYSE:HP) last released its quarterly 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 return on equity of 11.31% and a net margin of 11.02%. On average, equities research analysts anticipate that Helmerich & Payne, Inc. will post 3.11 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a yield of 3.67%. Helmerich & Payne’s payout ratio is presently 32.89%.

Hedge Funds Weigh In On Helmerich & Payne

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC lifted its stake in Helmerich & Payne by 38.9% during the third quarter. Exchange Traded Concepts LLC now owns 31,803 shares of the oil and gas company’s stock worth $967,000 after purchasing an additional 8,907 shares during the last quarter. Creative Planning raised its holdings in shares of Helmerich & Payne by 13.3% during the 3rd quarter. Creative Planning now owns 23,656 shares of the oil and gas company’s stock valued at $720,000 after buying an additional 2,774 shares in the last quarter. Fruth Investment Management lifted its position in Helmerich & Payne by 6.3% in the 3rd quarter. Fruth Investment Management now owns 13,425 shares of the oil and gas company’s stock worth $408,000 after buying an additional 800 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in Helmerich & Payne by 13.1% in the third quarter. AlphaMark Advisors LLC now owns 9,086 shares of the oil and gas company’s stock worth $276,000 after buying an additional 1,055 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Helmerich & Payne by 127.8% during the third quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HP shares. Argus upgraded shares of Helmerich & Payne to a “hold” rating in a research note on Tuesday. Evercore ISI reiterated an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Barclays lowered their target price 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. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Finally, Royal Bank of Canada decreased their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Helmerich & Payne presently has a consensus rating of “Hold” and a consensus price target of $38.75.

About Helmerich & Payne

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.