Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,411,860 shares of the oil and gas company's stock after selling 49,892 shares during the quarter. Dimensional Fund Advisors LP owned about 5.45% of Helmerich & Payne worth $173,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC increased 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 worth $6,035,000 after buying an additional 151,196 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Helmerich & Payne during the third quarter valued at about $452,000. Tidal Investments LLC increased its stake in Helmerich & Payne by 66.4% during the third quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company's stock worth $2,142,000 after acquiring an additional 28,101 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock worth $4,793,000 after purchasing an additional 666 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $18,049,000 after purchasing an additional 129,613 shares in the last quarter. 96.05% of the stock is owned by institutional investors and hedge funds.

Helmerich & Payne Stock Down 0.4 %

Shares of Helmerich & Payne stock traded down $0.08 during trading hours on Tuesday, hitting $19.74. 368,582 shares of the company's stock traded hands, compared to its average volume of 1,510,324. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a twelve month low of $17.82 and a twelve month high of $42.60. The stock has a 50 day simple moving average of $23.47 and a 200-day simple moving average of $29.77. The company has a market cap of $1.96 billion, a PE ratio of 6.48, a PEG ratio of 3.52 and a beta of 1.00.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Equities research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.07%. Helmerich & Payne's dividend payout ratio is presently 32.89%.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Belgacem Chariag bought 37,356 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The shares were bought at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the acquisition, the director now directly owns 54,606 shares in the company, valued at approximately $1,478,730.48. This represents a 216.56 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Lindsay purchased 20,000 shares of the stock in a transaction dated Monday, February 10th. The stock was purchased at an average price 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. The trade was a 2.98 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on HP. Citigroup cut their price target on shares of Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group cut their target price on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. 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. Morgan Stanley reissued an "underweight" rating and issued a $27.00 price objective on shares of Helmerich & Payne in a research report on Thursday, March 27th. Finally, Barclays decreased their target price on Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and a consensus target price of $31.78.

About Helmerich & Payne

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.