Caxton Associates LP Has $799,000 Stake in Helmerich & Payne, Inc. (NYSE:HP)

Caxton Associates LP lessened its holdings in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 75.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,950 shares of the oil and gas company's stock after selling 76,940 shares during the period. Caxton Associates LP's holdings in Helmerich & Payne were worth $799,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HP. Barclays PLC grew its holdings in shares of Helmerich & Payne by 320.2% during the 3rd quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock valued at $6,035,000 after acquiring an additional 151,196 shares in the last quarter. Franklin Resources Inc. grew its stake in Helmerich & Payne by 0.4% in the third quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock valued at $4,793,000 after purchasing an additional 666 shares in the last quarter. JPMorgan Chase & Co. increased its position in Helmerich & Payne by 28.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 593,330 shares of the oil and gas company's stock worth $18,049,000 after purchasing an additional 129,613 shares during the last quarter. Nordea Investment Management AB increased its position in Helmerich & Payne by 1.3% in the 4th quarter. Nordea Investment Management AB now owns 143,636 shares of the oil and gas company's stock worth $4,602,000 after purchasing an additional 1,796 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Helmerich & Payne by 11.6% during the 4th quarter. Fulton Bank N.A. now owns 11,321 shares of the oil and gas company's stock worth $362,000 after purchasing an additional 1,180 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of the business's stock in a transaction on Monday, February 10th. The stock was purchased 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. 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 hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the purchase, the chief executive officer now owns 691,214 shares in the company, valued at $19,042,945.70. This represents a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

Helmerich & Payne Stock Performance

Shares of HP stock traded down $0.06 during trading hours on Friday, reaching $18.28. 1,713,775 shares of the company's stock were exchanged, compared to its average volume of 1,543,372. Helmerich & Payne, Inc. has a fifty-two week low of $17.60 and a fifty-two week high of $42.60. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.82 billion, a P/E ratio of 6.01, a P/E/G ratio of 3.52 and a beta of 0.93. The business has a fifty day moving average price of $22.20 and a 200-day moving average price of $28.87.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $961.03 million. During the same period last year, the company earned $0.84 earnings per share. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. Analysts predict that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.47%. Helmerich & Payne's dividend payout ratio is 32.89%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TD Cowen dropped their price objective on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a report on Friday. Susquehanna cut their price target on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Barclays lowered their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $31.20.

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.