Two Sigma Securities LLC Makes New $526,000 Investment in Helmerich & Payne, Inc. (NYSE:HP)

Two Sigma Securities LLC acquired a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 16,432 shares of the oil and gas company’s stock, valued at approximately $526,000.

Several other large investors have also bought and sold shares of HP. ARGA Investment Management LP grew its stake in shares of Helmerich & Payne by 42.5% in 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 acquiring an additional 801,000 shares during the period. Norges Bank bought a new position in shares of Helmerich & Payne during the 4th quarter valued at approximately $21,572,000. ExodusPoint Capital Management LP purchased a new stake in shares of Helmerich & Payne in the fourth quarter worth $10,931,000. Van ECK Associates Corp increased its stake in Helmerich & Payne by 27.7% in the 4th 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 in the last quarter. Finally, American Century Companies Inc. raised its stake in Helmerich & Payne by 14.0% during the 4th quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company’s stock valued at $85,121,000 after purchasing an additional 327,374 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Stock Down 1.2 %

Shares of HP stock opened at $19.97 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 6.57, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The stock’s fifty day moving average price is $23.59 and its 200 day moving average price is $29.92. Helmerich & Payne, Inc. has a 1-year low of $17.82 and a 1-year high of $42.60.

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 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, research analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.01%. Helmerich & Payne’s payout ratio is currently 32.89%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on HP shares. Barclays reduced their price target 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. Citigroup cut their price target on shares of Helmerich & Payne from $33.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Argus upgraded Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. The Goldman Sachs Group lowered their price target on Helmerich & Payne from $32.00 to $25.00 and set a “sell” rating for the company in a report on Thursday, April 10th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $27.00 target price on shares of Helmerich & Payne in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.78.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag acquired 37,356 shares of the company’s stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Lindsay acquired 20,000 shares of Helmerich & Payne stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 691,214 shares of the company’s stock, valued at $19,042,945.70. This trade 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 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.