896,550 Shares in Helmerich & Payne, Inc. (NYSE:HP) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 896,550 shares of the oil and gas company's stock, valued at approximately $28,708,000. Balyasny Asset Management L.P. owned approximately 0.90% of Helmerich & Payne as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Helmerich & Payne by 542.9% in the 4th quarter. Bank of America Corp DE now owns 523,047 shares of the oil and gas company's stock valued at $16,748,000 after purchasing an additional 441,688 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Helmerich & Payne by 22.9% in the 4th quarter. Aptus Capital Advisors LLC now owns 165,040 shares of the oil and gas company's stock valued at $5,285,000 after purchasing an additional 30,734 shares during the period. AXA S.A. lifted its stake in shares of Helmerich & Payne by 0.9% in the 4th quarter. AXA S.A. now owns 138,821 shares of the oil and gas company's stock valued at $4,445,000 after purchasing an additional 1,205 shares during the period. Gallagher Fiduciary Advisors LLC acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at $231,000. Finally, Randolph Co Inc acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at $8,240,000. Institutional investors and hedge funds own 96.05% of the company's stock.

Wall Street Analysts Forecast Growth

HP has been the topic of a number of analyst reports. Evercore ISI reissued an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Morgan Stanley reaffirmed an "underweight" rating and set a $27.00 price objective on shares of Helmerich & Payne in a research note on Thursday, March 27th. Argus raised Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Barclays dropped their price objective on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada dropped 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.20.

Helmerich & Payne Stock Up 4.8%

Shares of HP traded up $0.87 during midday trading on Monday, hitting $19.15. The stock had a trading volume of 583,711 shares, compared to its average volume of 1,543,033. The company has a 50 day simple moving average of $22.20 and a two-hundred day simple moving average of $28.80. Helmerich & Payne, Inc. has a twelve month low of $17.60 and a twelve month high of $42.60. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. 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 (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The business's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. On average, analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne's payout ratio is 45.66%.

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.