Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Caxton Associates LP

Caxton Associates LP trimmed its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 75.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Earnest Partners LLC increased its position in shares of Helmerich & Payne by 1.0% in the 4th quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock valued at $111,654,000 after acquiring an additional 35,013 shares during the period. ARGA Investment Management LP grew its position in Helmerich & Payne by 42.5% during the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock worth $86,013,000 after purchasing an additional 801,000 shares during the period. American Century Companies Inc. grew its position 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 worth $85,121,000 after purchasing an additional 327,374 shares during the period. Northern Trust Corp grew its position in Helmerich & Payne by 5.1% during the 4th quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company's stock worth $54,414,000 after purchasing an additional 82,254 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Helmerich & Payne by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company's stock worth $49,885,000 after purchasing an additional 53,277 shares during the period. 96.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HP shares. Evercore ISI reaffirmed an "in-line" rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. TD Cowen cut their price target on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Friday. Argus raised Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group cut their price target on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup lowered their target price on shares of Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $31.20.

Helmerich & Payne Price Performance

Helmerich & Payne stock traded up $0.87 during midday trading on Monday, reaching $19.15. The company had a trading volume of 583,711 shares, compared to its average volume of 1,543,033. The company has a market capitalization of $1.90 billion, a P/E ratio of 6.30, a P/E/G ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a 12-month low of $17.60 and a 12-month high of $42.60. The firm's fifty day simple moving average is $22.20 and its 200-day simple moving average is $28.80. 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 earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share 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 analysts' expectations 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 was up 47.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.84 EPS. As a group, equities analysts anticipate that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.22%. Helmerich & Payne's dividend payout ratio (DPR) is presently 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.