Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 25.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,720 shares of the oil and gas company's stock after buying an additional 19,130 shares during the quarter. Janus Henderson Group PLC owned 0.09% of Helmerich & Payne worth $3,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Helmerich & Payne by 18.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company's stock worth $13,242,000 after buying an additional 64,971 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Helmerich & Payne in the fourth quarter valued at approximately $2,788,000. Private Capital Management LLC purchased a new stake in Helmerich & Payne in the 3rd quarter worth approximately $1,095,000. Fisher Asset Management LLC boosted its position in Helmerich & Payne by 4.6% in the 4th 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 in the last quarter. Finally, Legato Capital Management LLC grew its stake in shares of 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 period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HP shares. The Goldman Sachs Group lowered their price target on shares of Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Argus raised shares of Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Citigroup restated a "neutral" rating and set a $19.00 target price (down from $25.00) on shares of Helmerich & Payne in a research report on Monday, May 19th. Susquehanna reduced their price target on Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Barclays dropped their price objective on Helmerich & Payne from $24.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne has an average rating of "Hold" and a consensus price target of $28.80.

Helmerich & Payne Price Performance

Shares of NYSE HP traded down $0.13 during midday trading on Monday, hitting $15.49. The stock had a trading volume of 2,405,201 shares, compared to its average volume of 1,613,785. 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 stock has a 50 day simple moving average of $20.38 and a 200-day simple moving average of $27.46. The company has a market capitalization of $1.54 billion, a PE ratio of 5.10, a P/E/G ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year 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 (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.63). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $961.03 million. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The company's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. On average, sell-side analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 6.46%. Helmerich & Payne's payout ratio is 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.