GAMMA Investing LLC Purchases 81,014 Shares of Helmerich & Payne, Inc. (NYSE:HP)

GAMMA Investing LLC increased its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 4,743.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,722 shares of the oil and gas company's stock after purchasing an additional 81,014 shares during the period. GAMMA Investing LLC owned 0.08% of Helmerich & Payne worth $21,610,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Helmerich & Payne by 18.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company's stock valued at $13,242,000 after buying an additional 64,971 shares during the period. Raymond James Financial Inc. bought a new position in Helmerich & Payne in the fourth quarter valued at about $2,788,000. Private Capital Management LLC bought a new position in Helmerich & Payne in the third quarter valued at about $1,095,000. Fisher Asset Management LLC increased its position in Helmerich & Payne by 4.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company's stock worth $45,268,000 after purchasing an additional 62,377 shares during the period. Finally, Legato Capital Management LLC raised its holdings in Helmerich & Payne by 93.9% during the 4th quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company's stock worth $2,436,000 after purchasing an additional 36,828 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HP shares. Barclays reduced their target price on shares of Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Wednesday, May 14th. Citigroup reaffirmed a "neutral" rating and set a $19.00 target price (down previously from $25.00) on shares of Helmerich & Payne in a report on Monday, May 19th. Morgan Stanley dropped their target price on shares of Helmerich & Payne from $27.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, May 16th. The Goldman Sachs Group cut their price target on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research note on Thursday, April 10th. Finally, 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 research note on Wednesday, May 28th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $27.73.

Helmerich & Payne Trading Up 2.9%

Helmerich & Payne stock traded up $0.47 during mid-day trading on Friday, hitting $16.75. 2,717,377 shares of the company's stock were exchanged, compared to its average volume of 1,656,592. The company's 50 day simple moving average is $18.63 and its 200-day simple moving average is $26.39. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.67 billion, a P/E ratio of 5.51, a PEG ratio of 3.52 and a beta of 0.83. Helmerich & Payne, Inc. has a fifty-two week low of $14.65 and a fifty-two week high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 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 business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. During the same period in the prior year, the business earned $0.84 EPS. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. On average, equities analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, August 15th. This represents a $1.00 annualized dividend and a yield of 5.97%. Helmerich & Payne's dividend payout ratio (DPR) 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.