Helmerich & Payne, Inc. (NYSE:HP) Shares Purchased by Crestline Management LP

Crestline Management LP increased its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 221.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,792 shares of the oil and gas company's stock after buying an additional 20,520 shares during the period. Crestline Management LP's holdings in Helmerich & Payne were worth $954,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Earnest Partners LLC increased its position in Helmerich & Payne by 1.0% during the fourth quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock valued at $111,654,000 after acquiring an additional 35,013 shares during the last quarter. ARGA Investment Management LP grew its holdings in 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 valued at $86,013,000 after purchasing an additional 801,000 shares during the last quarter. American Century Companies Inc. raised its position in 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 purchasing an additional 327,374 shares during the period. Northern Trust Corp lifted its stake in Helmerich & Payne by 5.1% in the fourth quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company's stock worth $54,414,000 after purchasing an additional 82,254 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Helmerich & Payne by 3.5% in the fourth 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 purchasing an additional 53,277 shares during the last quarter. 96.05% of the stock is owned by institutional investors.

Helmerich & Payne Stock Down 0.8%

Shares of NYSE:HP traded down $0.16 on Tuesday, reaching $19.11. The company had a trading volume of 2,133,206 shares, compared to its average volume of 1,553,152. 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 firm has a market capitalization of $1.90 billion, a PE ratio of 6.29, a PEG ratio of 3.52 and a beta of 0.93. Helmerich & Payne, Inc. has a 52-week low of $17.60 and a 52-week high of $42.60. The firm's 50 day simple moving average is $22.08 and its 200-day simple moving average is $28.69.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted 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). Helmerich & Payne had a net margin of 11.02% and a return on equity of 11.31%. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $961.03 million. During the same quarter last year, the firm earned $0.84 EPS. Helmerich & Payne's revenue for the quarter was up 47.7% on a year-over-year basis. As a group, analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.23%. Helmerich & Payne's dividend payout ratio (DPR) is 45.66%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reduced their price target on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Barclays lowered their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Evercore ISI reaffirmed an "in-line" rating and issued a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Citigroup lowered their price objective on shares of Helmerich & Payne from $32.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, TD Cowen reduced their target price on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $30.50.

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.