Natixis Makes New Investment in Helmerich & Payne, Inc. (NYSE:HP)

Natixis purchased a new stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,600 shares of the oil and gas company's stock, valued at approximately $1,844,000. Natixis owned approximately 0.06% of Helmerich & Payne as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its position in Helmerich & Payne by 4.1% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,113 shares of the oil and gas company's stock worth $324,000 after buying an additional 395 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Helmerich & Payne by 1.9% in the 4th quarter. LPL Financial LLC now owns 21,763 shares of the oil and gas company's stock worth $697,000 after acquiring an additional 408 shares during the last quarter. Napatree Capital LLC boosted its stake in shares of Helmerich & Payne by 2.5% in the 4th quarter. Napatree Capital LLC now owns 20,847 shares of the oil and gas company's stock valued at $668,000 after purchasing an additional 511 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Helmerich & Payne by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock valued at $4,793,000 after purchasing an additional 666 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Helmerich & Payne in the 4th quarter worth $27,000. Institutional investors own 96.05% of the company's stock.

Insider Buying and Selling

In other Helmerich & Payne news, Director Belgacem Chariag acquired 37,356 shares of the business's stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the completion of the acquisition, the director now owns 54,606 shares in the company, valued at $1,478,730.48. This trade represents a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $27.55 per share, with a total value of $551,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 691,214 shares of the company's stock, valued at approximately $19,042,945.70. The trade was 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.

Helmerich & Payne Trading Down 0.6 %

NYSE HP traded down $0.13 during trading on Monday, hitting $19.85. The company had a trading volume of 201,129 shares, compared to its average volume of 1,510,513. The company's fifty day moving average is $23.59 and its 200-day moving average is $29.88. Helmerich & Payne, Inc. has a one year low of $17.82 and a one year high of $42.60. 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 company has a market cap of $1.97 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00.

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

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.04%. Helmerich & Payne's dividend payout ratio is presently 32.89%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HP. Royal Bank of Canada reduced their price objective on Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Citigroup decreased their price target on Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI reissued an "in-line" rating and set a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Argus raised shares of Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Finally, Susquehanna dropped their price target on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Helmerich & Payne has an average rating of "Hold" and an average price target of $31.78.

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.