257,332 Shares in Helmerich & Payne, Inc. (NYSE:HP) Bought by Randolph Co Inc

Randolph Co Inc 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 257,332 shares of the oil and gas company's stock, valued at approximately $8,240,000. Randolph Co Inc owned about 0.26% 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 the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in Helmerich & Payne by 18.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company's stock valued at $13,242,000 after acquiring an additional 64,971 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Helmerich & Payne during the 4th quarter valued at about $2,788,000. Private Capital Management LLC bought a new position in shares of Helmerich & Payne in the 3rd quarter worth approximately $1,095,000. Fisher Asset Management LLC boosted its holdings in shares of Helmerich & Payne by 4.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company's stock worth $45,268,000 after buying an additional 62,377 shares during the last quarter. Finally, Legato Capital Management LLC grew its position in Helmerich & Payne by 93.9% during the fourth quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company's stock valued at $2,436,000 after buying an additional 36,828 shares during the period. Institutional investors own 96.05% of the company's stock.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, Director Belgacem Chariag purchased 37,356 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John W. Lindsay acquired 20,000 shares of the company's 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 completion of the purchase, the chief executive officer now directly owns 691,214 shares in the company, valued at approximately $19,042,945.70. This represents a 2.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.51% of the company's stock.

Helmerich & Payne Price Performance

HP stock traded up $0.81 during midday trading on Thursday, hitting $19.70. The company's stock had a trading volume of 2,690,818 shares, compared to its average volume of 1,525,170. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. Helmerich & Payne, Inc. has a 12 month low of $17.82 and a 12 month high of $42.60. The company has a 50 day moving average of $23.02 and a two-hundred day moving average of $29.51. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.48, 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 earnings results 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 net margin of 11.02% and a return on equity of 11.31%. On average, analysts expect that Helmerich & Payne, Inc. will post 2.93 EPS for the current year.

Helmerich & Payne Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.08%. Helmerich & Payne's payout ratio is 32.89%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays dropped 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 research note on Wednesday, February 19th. Evercore ISI reissued an "in-line" rating and set a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Morgan Stanley reaffirmed an "underweight" rating and issued a $27.00 price objective on shares of Helmerich & Payne in a research note on Thursday, March 27th. Argus raised Helmerich & Payne to a "hold" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada decreased their target price on shares of 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. Two research 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.78.

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.