Jump Financial LLC Buys New Stake in Helmerich & Payne, Inc. (NYSE:HP)

Jump Financial LLC bought a new position in Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 98,327 shares of the oil and gas company's stock, valued at approximately $3,561,000. Jump Financial LLC owned about 0.10% of Helmerich & Payne as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HP. Raymond James & Associates boosted its stake in shares of Helmerich & Payne by 189.6% in the 3rd quarter. Raymond James & Associates now owns 51,946 shares of the oil and gas company's stock worth $2,190,000 after buying an additional 34,007 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Helmerich & Payne by 5.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,178 shares of the oil and gas company's stock valued at $935,000 after purchasing an additional 1,118 shares during the period. Strs Ohio increased its position in shares of Helmerich & Payne by 134.3% during the 3rd quarter. Strs Ohio now owns 31,400 shares of the oil and gas company's stock valued at $1,323,000 after purchasing an additional 18,000 shares during the last quarter. Advisor Partners II LLC bought a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $251,000. Finally, TD Asset Management Inc boosted its holdings in shares of Helmerich & Payne by 71.7% in the third quarter. TD Asset Management Inc now owns 29,700 shares of the oil and gas company's stock worth $1,252,000 after buying an additional 12,400 shares during the last quarter. Institutional investors own 96.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on HP shares. Benchmark restated a "hold" rating on shares of Helmerich & Payne in a research report on Thursday, April 25th. Susquehanna dropped their target price on Helmerich & Payne from $52.00 to $50.00 and set a "positive" rating for the company in a report on Friday, April 26th. Piper Sandler decreased their price target on Helmerich & Payne from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Monday, May 6th. Citigroup raised their price target on Helmerich & Payne from $40.00 to $42.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada upped their price target on shares of Helmerich & Payne from $46.00 to $48.00 and gave the company a "sector perform" rating in a report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Helmerich & Payne presently has an average rating of "Hold" and an average target price of $42.00.

Helmerich & Payne Stock Down 1.3 %

HP stock traded down $0.53 during trading on Friday, hitting $38.75. 732,156 shares of the company's stock were exchanged, compared to its average volume of 1,194,092. The business has a 50-day moving average price of $40.79 and a two-hundred day moving average price of $38.41. The company has a current ratio of 2.16, a quick ratio of 1.92 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 1.87 and a beta of 1.51. Helmerich & Payne, Inc. has a 52-week low of $30.41 and a 52-week high of $46.55.

Helmerich & Payne (NYSE:HP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.84 earnings per share (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 for the quarter, compared to analysts' expectations of $682.51 million. During the same quarter in the prior year, the business earned $1.26 EPS. The company's quarterly revenue was down 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Helmerich & Payne, Inc. will post 3.56 EPS for the current year.

Helmerich & Payne Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, May 16th. Helmerich & Payne's dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling at Helmerich & Payne

In related news, CFO Mark W. Smith sold 16,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $40.49, for a total transaction of $647,840.00. Following the completion of the sale, the chief financial officer now directly owns 144,870 shares of the company's stock, valued at $5,865,786.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Mark W. Smith sold 16,000 shares of the firm's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $40.49, for a total value of $647,840.00. Following the completion of the sale, the chief financial officer now owns 144,870 shares in the company, valued at $5,865,786.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Cara M. Hair sold 9,910 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $40.22, for a total value of $398,580.20. Following the transaction, the senior vice president now 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 company insiders.

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.