Helmerich & Payne, Inc. (NYSE:HP) Holdings Boosted by Dean Capital Management

Dean Capital Management grew its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 136.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 120,964 shares of the oil and gas company's stock after acquiring an additional 69,704 shares during the period. Helmerich & Payne comprises about 1.6% of Dean Capital Management's holdings, making the stock its 2nd largest holding. Dean Capital Management owned about 0.12% of Helmerich & Payne worth $3,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HP. Kestra Investment Management LLC bought a new stake in shares of Helmerich & Payne during the 4th quarter valued at $27,000. Covestor Ltd grew its holdings in Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 907 shares in the last quarter. Steph & Co. bought a new position in shares of Helmerich & Payne during the 4th quarter worth approximately $87,000. Smartleaf Asset Management LLC grew its position in Helmerich & Payne by 82.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock worth $88,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Helmerich & Payne by 817.5% during the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock valued at $98,000 after buying an additional 2,714 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HP has been the subject of several recent research reports. TD Cowen cut their price target on Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday. StockNews.com downgraded Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Friday. 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 report on Tuesday, April 8th. Susquehanna cut their target price on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Finally, Argus raised Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Helmerich & Payne has a consensus rating of "Hold" and a consensus target price of $31.20.

Helmerich & Payne Trading Up 5.8%

NYSE HP traded up $1.06 during mid-day trading on Monday, reaching $19.34. 925,834 shares of the stock were exchanged, compared to its average volume of 1,544,440. The stock has a market cap of $1.92 billion, a P/E ratio of 6.35, a P/E/G ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a one year low of $17.60 and a one year high of $42.60. 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 stock has a 50 day simple moving average of $22.20 and a 200-day simple moving average of $28.80.

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

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's payout ratio is currently 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.