Hara Capital LLC Buys 49,995 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Hara Capital LLC grew its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 506.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,864 shares of the oil and gas company's stock after buying an additional 49,995 shares during the period. Helmerich & Payne makes up 1.2% of Hara Capital LLC's investment portfolio, making the stock its 21st largest holding. Hara Capital LLC owned about 0.06% of Helmerich & Payne worth $1,917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Balyasny Asset Management L.P. bought a new stake in shares of Helmerich & Payne during the 4th quarter worth $28,708,000. ARGA Investment Management LP raised its stake in shares of 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. Norges Bank bought a new stake in shares of Helmerich & Payne during the 4th quarter worth $21,572,000. Bank of America Corp DE raised its stake in shares of Helmerich & Payne by 542.9% during the 4th quarter. Bank of America Corp DE now owns 523,047 shares of the oil and gas company's stock worth $16,748,000 after purchasing an additional 441,688 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Helmerich & Payne during the 4th quarter worth $10,931,000. 96.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HP has been the subject of several recent research reports. Susquehanna decreased their price objective on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a report on Monday, April 14th. Wall Street Zen lowered Helmerich & Payne from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price objective on Helmerich & Payne from $25.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday. Barclays reduced their target price on Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Finally, Royal Bank of Canada reduced their target price 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. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $27.73.

Helmerich & Payne Price Performance

Shares of NYSE HP traded down $0.04 during midday trading on Friday, hitting $15.28. 2,082,280 shares of the company's stock were exchanged, compared to its average volume of 1,634,372. Helmerich & Payne, Inc. has a 12-month low of $14.65 and a 12-month high of $42.60. 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 has a market cap of $1.52 billion, a price-to-earnings ratio of 5.03, a PEG ratio of 3.52 and a beta of 0.93. The business's fifty day moving average price is $19.58 and its two-hundred day moving average price is $26.89.

Helmerich & Payne (NYSE:HP - Get Free Report) last issued its quarterly 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 firm had revenue of $1.02 billion during 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 revenue for the quarter was up 47.7% on a year-over-year basis. As a group, research analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend was Thursday, May 15th. Helmerich & Payne's dividend payout ratio (DPR) is currently 45.66%.

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.