Helmerich & Payne, Inc. (NYSE:HP) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 94.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,600 shares of the oil and gas company's stock after selling 228,601 shares during the period. Renaissance Technologies LLC's holdings in Helmerich & Payne were worth $403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of Helmerich & Payne by 320.2% in the third quarter. Barclays PLC now owns 198,415 shares of the oil and gas company's stock worth $6,035,000 after buying an additional 151,196 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Helmerich & Payne in the third quarter valued at about $452,000. Tidal Investments LLC raised its stake in shares of Helmerich & Payne by 66.4% during the third quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company's stock valued at $2,142,000 after acquiring an additional 28,101 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Helmerich & Payne by 0.4% in the third quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock worth $4,793,000 after purchasing an additional 666 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Helmerich & Payne by 28.0% during the third quarter. JPMorgan Chase & Co. now owns 593,330 shares of the oil and gas company's stock valued at $18,049,000 after buying an additional 129,613 shares during the period. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

Helmerich & Payne Trading Down 0.3 %

Helmerich & Payne stock traded down $0.06 during trading hours on Friday, hitting $18.28. The company had a trading volume of 529,913 shares, compared to its average volume of 1,536,706. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.52 and a current ratio of 2.81. The firm has a market cap of $1.82 billion, a P/E ratio of 6.01, a P/E/G ratio of 3.52 and a beta of 0.93. The company has a 50-day moving average price of $22.34 and a two-hundred day moving average price of $28.98. Helmerich & Payne, Inc. has a 1 year low of $17.60 and a 1 year high of $42.60.

Helmerich & Payne (NYSE:HP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.63). Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $961.03 million. During the same period in the previous year, the company posted $0.84 EPS. Helmerich & Payne's quarterly revenue was up 47.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 5.47%. Helmerich & Payne's dividend payout ratio (DPR) is currently 32.89%.

Analysts Set New Price Targets

HP has been the topic of several research analyst reports. Morgan Stanley reiterated an "underweight" rating and set a $27.00 price target on shares of Helmerich & Payne in a research report on Thursday, March 27th. Barclays reduced their target price on shares of Helmerich & Payne from $36.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Susquehanna dropped their price objective on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Argus upgraded shares of Helmerich & Payne to a "hold" rating in a report on Tuesday, February 11th. Finally, Evercore ISI reiterated 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $31.20.

Insider Activity

In other Helmerich & Payne news, CEO John W. Lindsay purchased 20,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $27.55 per share, for a total transaction of $551,000.00. Following the purchase, the chief executive officer now directly owns 691,214 shares in the company, valued at approximately $19,042,945.70. This trade represents a 2.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Belgacem Chariag acquired 37,356 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was purchased 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. The trade was a 216.56 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.51% of the company's stock.

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.