Voya Investment Management LLC Has $1.06 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Voya Investment Management LLC lowered its position in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 35.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,986 shares of the oil and gas company's stock after selling 18,009 shares during the quarter. Voya Investment Management LLC's holdings in Helmerich & Payne were worth $1,056,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HP. ARGA Investment Management LP raised its stake 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 period. American Century Companies Inc. grew its holdings in Helmerich & Payne by 14.0% during the 4th quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company's stock valued at $85,121,000 after purchasing an additional 327,374 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Helmerich & Payne by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company's stock valued at $49,885,000 after acquiring an additional 53,277 shares during the last quarter. Van ECK Associates Corp boosted its position in Helmerich & Payne by 27.7% in the 4th quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company's stock valued at $48,739,000 after buying an additional 329,734 shares during the period. Finally, Fisher Asset Management LLC increased its holdings in Helmerich & Payne by 4.6% during 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 during the period. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Stock Down 0.3 %

HP stock traded down $0.06 during mid-day trading on Friday, hitting $18.28. 1,713,775 shares of the company were exchanged, compared to its average volume of 1,543,372. The company has a market capitalization of $1.82 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. The firm has a fifty day simple moving average of $22.20 and a 200 day simple moving average of $28.87. The company has a current ratio of 2.81, a quick ratio of 2.52 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a twelve month low of $17.60 and a twelve month high of $42.60.

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

Helmerich & Payne Dividend Announcement

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 given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.47%. Helmerich & Payne's payout ratio is presently 32.89%.

Insider Activity at Helmerich & Payne

In related news, Director Belgacem Chariag bought 37,356 shares of the company's stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the purchase, the director now owns 54,606 shares in the company, valued at approximately $1,478,730.48. The trade was a 216.56 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John W. Lindsay bought 20,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the transaction, the chief executive officer now owns 691,214 shares in the company, valued at approximately $19,042,945.70. This trade represents a 2.98 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank of Canada reduced their target price on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. TD Cowen cut their target price on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a report on Friday. Argus upgraded Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group decreased their target price on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $27.00 price objective on shares of Helmerich & Payne in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Helmerich & Payne currently has an average rating of "Hold" and a consensus price target of $31.20.

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.