Deprince Race & Zollo Inc. Has $28.55 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Deprince Race & Zollo Inc. lowered its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 891,483 shares of the oil and gas company's stock after selling 278,351 shares during the quarter. Deprince Race & Zollo Inc. owned 0.90% of Helmerich & Payne worth $28,545,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in Helmerich & Payne during the 4th quarter valued at $27,000. Covestor Ltd grew its position in Helmerich & Payne by 61.3% during the fourth quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock valued at $76,000 after acquiring an additional 907 shares during the last quarter. Steph & Co. purchased a new stake in Helmerich & Payne during the fourth quarter valued at about $87,000. Smartleaf Asset Management LLC boosted its holdings 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 valued at $88,000 after acquiring an additional 1,268 shares during the period. Finally, Sterling Capital Management LLC boosted its position in 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 period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on HP shares. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Morgan Stanley reiterated an "underweight" rating and issued a $27.00 target price on shares of Helmerich & Payne in a research note on Thursday, March 27th. Royal Bank of Canada reduced their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Barclays decreased their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, TD Cowen reduced their target price on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $31.20.

Helmerich & Payne Price Performance

HP stock traded down $0.06 during mid-day trading on Friday, reaching $18.28. The company's stock had a trading volume of 1,713,775 shares, compared to its average volume of 1,546,630. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. The company's 50 day moving average is $22.20 and its two-hundred day moving average is $28.83. The stock has a market cap of $1.82 billion, a PE ratio of 6.01, a P/E/G ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a fifty-two week low of $17.60 and a fifty-two week high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last announced 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). Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $961.03 million. During the same period in the previous year, the company earned $0.84 earnings per share. Helmerich & Payne's quarterly revenue was up 47.7% on a year-over-year basis. Equities research analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's payout ratio is 32.89%.

Insider Activity

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of Helmerich & Payne stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $27.08 per share, for a total transaction of $1,011,600.48. Following the transaction, the director now owns 54,606 shares in the company, valued at $1,478,730.48. This represents a 216.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Lindsay acquired 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $27.55 per share, with a total value of $551,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 691,214 shares in the company, valued at approximately $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 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.