Wexford Capital LP Purchases 16,000 Shares of HP Inc. (NYSE:HPQ)

Wexford Capital LP increased its position in shares of HP Inc. (NYSE:HPQ - Free Report) by 228.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,000 shares of the computer maker's stock after buying an additional 16,000 shares during the quarter. Wexford Capital LP's holdings in HP were worth $750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC bought a new stake in shares of HP in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC bought a new position in HP in the fourth quarter worth $31,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in HP during the fourth quarter worth $36,000. OFI Invest Asset Management bought a new stake in HP in the 4th quarter valued at $37,000. Finally, CoreCap Advisors LLC raised its stake in shares of HP by 71.9% in the 4th quarter. CoreCap Advisors LLC now owns 1,403 shares of the computer maker's stock valued at $46,000 after buying an additional 587 shares in the last quarter. 77.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Stephanie Liebman sold 15,646 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.00, for a total transaction of $453,734.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anneliese Olson sold 21,545 shares of HP stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $28.49, for a total transaction of $613,817.05. Following the completion of the transaction, the insider now directly owns 169 shares in the company, valued at approximately $4,814.81. The trade was a 99.22% decrease in their position. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by company insiders.

HP Trading Down 1.8%

Shares of HP stock traded down $0.51 during midday trading on Friday, reaching $27.99. The company had a trading volume of 6,266,611 shares, compared to its average volume of 7,886,901. The stock has a fifty day simple moving average of $26.17 and a 200 day simple moving average of $31.11. HP Inc. has a 1-year low of $21.21 and a 1-year high of $39.80. The company has a market capitalization of $26.39 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 2.96 and a beta of 1.32.

HP (NYSE:HPQ - Get Free Report) last released its earnings results on Thursday, February 27th. The computer maker reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. HP had a negative return on equity of 253.39% and a net margin of 5.18%. The company had revenue of $13.50 billion during the quarter, compared to analysts' expectations of $13.35 billion. Sell-side analysts expect that HP Inc. will post 3.56 earnings per share for the current year.

HP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 11th will be paid a dividend of $0.2894 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, June 11th. HP's dividend payout ratio (DPR) is 41.37%.

Analyst Ratings Changes

A number of analysts recently weighed in on HPQ shares. Citigroup upped their target price on shares of HP from $25.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company upped their price target on HP from $30.00 to $35.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. TD Cowen cut their price objective on HP from $39.00 to $38.00 and set a "hold" rating for the company in a report on Friday, February 28th. Loop Capital lowered their target price on shares of HP from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Tuesday, March 4th. Finally, Evercore ISI cut their price target on shares of HP from $40.00 to $32.00 and set an "outperform" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.67.

HP Company Profile

HP Inc provides products, technologies, software, solutions, and services to individual consumers, small- and medium-sized businesses, and large enterprises, including customers in the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin clients, commercial tablets and mobility devices, retail point-of-sale systems, displays and other related accessories, software, support, and services for the commercial and consumer markets.