Fairfax Financial Holdings Ltd. Can Buys 219,000 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Fairfax Financial Holdings Ltd. Can raised its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 39.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 774,105 shares of the oil and gas company's stock after purchasing an additional 219,000 shares during the period. Helmerich & Payne accounts for 1.6% of Fairfax Financial Holdings Ltd. Can's investment portfolio, making the stock its 12th largest holding. Fairfax Financial Holdings Ltd. Can owned approximately 0.78% of Helmerich & Payne worth $24,787,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Earnest Partners LLC lifted its stake 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 worth $111,654,000 after acquiring an additional 35,013 shares during the period. ARGA Investment Management LP lifted its stake in shares of Helmerich & Payne by 42.5% in 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 acquiring an additional 801,000 shares during the period. American Century Companies Inc. lifted its stake in shares of Helmerich & Payne by 14.0% in 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 acquiring an additional 327,374 shares during the period. Northern Trust Corp lifted its stake in shares of Helmerich & Payne by 5.1% in 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 acquiring an additional 82,254 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Helmerich & Payne by 3.5% in 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 acquiring an additional 53,277 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

Helmerich & Payne Trading Down 0.3%

NYSE HP traded down $0.06 on Friday, hitting $18.28. 1,713,775 shares of the company were exchanged, compared to its average volume of 1,546,630. The company's 50 day moving average price is $22.20 and its 200-day moving average price 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. The firm has a market capitalization of $1.82 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a twelve month low of $17.60 and a twelve month high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its 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 business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $961.03 million. During the same quarter in the prior year, the company earned $0.84 EPS. 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 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed 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 5.47%. Helmerich & Payne's dividend payout ratio is 32.89%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HP shares. The Goldman Sachs Group cut their price target on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a report on Thursday, April 10th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Royal Bank of Canada cut their target price on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. 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 report on Monday, April 14th. Finally, Evercore ISI restated an "in-line" rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $31.20.

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.