LSV Asset Management Has $20.60 Million Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

LSV Asset Management lifted its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 11,750.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 568,800 shares of the oil and gas company's stock after acquiring an additional 564,000 shares during the period. LSV Asset Management owned 0.58% of Helmerich & Payne worth $20,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its stake in Helmerich & Payne by 13,372.8% in the third quarter. Victory Capital Management Inc. now owns 2,418,364 shares of the oil and gas company's stock valued at $101,958,000 after purchasing an additional 2,400,414 shares during the last quarter. Pacer Advisors Inc. increased its position in Helmerich & Payne by 130.8% during the fourth quarter. Pacer Advisors Inc. now owns 2,720,464 shares of the oil and gas company's stock worth $98,535,000 after purchasing an additional 1,541,987 shares during the last quarter. Wellington Management Group LLP raised its stake in Helmerich & Payne by 38.6% during the third quarter. Wellington Management Group LLP now owns 898,027 shares of the oil and gas company's stock worth $37,861,000 after purchasing an additional 250,130 shares during the period. American Century Companies Inc. boosted its holdings in shares of Helmerich & Payne by 78.1% in the 3rd quarter. American Century Companies Inc. now owns 509,006 shares of the oil and gas company's stock valued at $21,460,000 after purchasing an additional 223,171 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Helmerich & Payne by 98.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 419,766 shares of the oil and gas company's stock valued at $17,697,000 after buying an additional 208,447 shares during the period. Hedge funds and other institutional investors own 96.05% of the company's stock.

Insider Buying and Selling at Helmerich & Payne

In other news, SVP Cara M. Hair sold 9,910 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.22, for a total value of $398,580.20. Following the transaction, the senior vice president now directly owns 137,764 shares in the company, valued at approximately $5,540,868.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO Mark W. Smith sold 16,000 shares of the company's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the transaction, the chief financial officer now owns 144,870 shares in the company, valued at $5,865,786.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Cara M. Hair sold 9,910 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $40.22, for a total transaction of $398,580.20. Following the completion of the sale, the senior vice president now directly owns 137,764 shares in the company, valued at approximately $5,540,868.08. The disclosure for this sale can be found here. 4.38% of the stock is owned by insiders.

Helmerich & Payne Stock Up 0.4 %

NYSE HP traded up $0.14 during trading hours on Tuesday, reaching $38.59. 963,108 shares of the company traded hands, compared to its average volume of 1,296,699. The company has a 50 day moving average of $40.78 and a two-hundred day moving average of $38.48. The stock has a market capitalization of $3.81 billion, a PE ratio of 10.99, a PEG ratio of 1.85 and a beta of 1.51. Helmerich & Payne, Inc. has a 12 month low of $30.41 and a 12 month high of $46.55. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.01). Helmerich & Payne had a return on equity of 13.21% and a net margin of 12.84%. The firm had revenue of $687.94 million during the quarter, compared to analyst estimates of $682.51 million. During the same quarter last year, the business posted $1.26 earnings per share. The firm's revenue for the quarter was down 10.6% on a year-over-year basis. As a group, equities analysts expect that Helmerich & Payne, Inc. will post 3.56 earnings per share for the current year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne's dividend payout ratio is presently 28.57%.

Analyst Upgrades and Downgrades

Several research firms recently commented on HP. Susquehanna cut their price target on shares of Helmerich & Payne from $52.00 to $50.00 and set a "positive" rating on the stock in a report on Friday, April 26th. Royal Bank of Canada increased their price target on Helmerich & Payne from $46.00 to $48.00 and gave the company a "sector perform" rating in a report on Wednesday, January 31st. The Goldman Sachs Group reduced their price objective on Helmerich & Payne from $37.00 to $33.00 and set a "sell" rating on the stock in a research note on Friday, January 12th. Benchmark reiterated a "hold" rating on shares of Helmerich & Payne in a research note on Thursday, April 25th. Finally, Piper Sandler reduced their price target on Helmerich & Payne from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $42.00.

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.