Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 92.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,030 shares of the oil and gas company's stock after selling 131,040 shares during the quarter. Jump Financial LLC's holdings in Helmerich & Payne were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Helmerich & Payne during the 4th quarter valued at $27,000. Covestor Ltd raised its stake in Helmerich & Payne by 61.3% during the 4th quarter. Covestor Ltd now owns 2,386 shares of the oil and gas company's stock worth $76,000 after acquiring an additional 907 shares during the period. Steph & Co. purchased a new position in shares of Helmerich & Payne during the 4th quarter valued at $87,000. Smartleaf Asset Management LLC boosted its stake in shares of Helmerich & Payne by 82.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company's stock worth $88,000 after acquiring an additional 1,268 shares during the period. Finally, Sterling Capital Management LLC boosted its stake in Helmerich & Payne by 817.5% in the 4th quarter. Sterling Capital Management LLC now owns 3,046 shares of the oil and gas company's stock worth $98,000 after purchasing an additional 2,714 shares during the period. 96.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Helmerich & Payne

In other news, Director Belgacem Chariag purchased 37,356 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now directly owns 54,606 shares of the company's stock, valued at approximately $1,478,730.48. This trade represents a 216.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Lindsay bought 20,000 shares of Helmerich & Payne stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $27.55 per share, with a total value of $551,000.00. Following the acquisition, the chief executive officer now owns 691,214 shares of the company's stock, valued at $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 owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HP. Citigroup cut their price objective on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays cut their price target on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. The Goldman Sachs Group reduced their target price 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. Royal Bank of Canada lowered their price target on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Finally, Morgan Stanley reissued an "underweight" rating and set a $27.00 target price on shares of Helmerich & Payne in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $31.78.

Helmerich & Payne Trading Up 4.4 %

Shares of HP stock traded up $0.83 on Thursday, hitting $19.72. The stock had a trading volume of 658,341 shares, compared to its average volume of 1,515,634. The company's 50 day moving average price is $23.18 and its 200-day moving average price is $29.62. Helmerich & Payne, Inc. has a 1 year low of $17.82 and a 1 year high of $42.60. The firm has a market capitalization of $1.96 billion, a P/E ratio of 6.51, a P/E/G ratio of 3.52 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Thursday, May 15th. Helmerich & Payne's dividend payout ratio (DPR) is presently 32.89%.

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.