Susquehanna Fundamental Investments LLC Acquires New Stake in Helmerich & Payne, Inc. (NYSE:HP)

Susquehanna Fundamental Investments LLC acquired a new stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 62,120 shares of the oil and gas company's stock, valued at approximately $1,989,000. Susquehanna Fundamental Investments LLC owned about 0.06% of Helmerich & Payne at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HP. ARGA Investment Management LP boosted its holdings in shares of Helmerich & Payne by 42.5% during the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock worth $86,013,000 after buying an additional 801,000 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Helmerich & Payne by 14.0% in the 4th quarter. American Century Companies Inc. now owns 2,658,356 shares of the oil and gas company's stock worth $85,121,000 after purchasing an additional 327,374 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Helmerich & Payne by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,557,931 shares of the oil and gas company's stock valued at $49,885,000 after purchasing an additional 53,277 shares in the last quarter. Van ECK Associates Corp raised its holdings in Helmerich & Payne by 27.7% during the fourth quarter. Van ECK Associates Corp now owns 1,522,144 shares of the oil and gas company's stock worth $48,739,000 after buying an additional 329,734 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Helmerich & Payne by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company's stock valued at $45,268,000 after buying an additional 62,377 shares during the last quarter. Institutional investors and hedge funds own 96.05% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup dropped their price target on shares of Helmerich & Payne from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays decreased 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. The Goldman Sachs Group decreased their price objective on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada lowered their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Finally, Evercore ISI reiterated an "in-line" rating and set a $39.00 price target (down previously from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.78.

Helmerich & Payne Price Performance

Shares of HP stock traded up $0.17 on Tuesday, reaching $19.62. The company's stock had a trading volume of 230,022 shares, compared to its average volume of 1,521,783. The stock's fifty day simple moving average is $22.76 and its 200-day simple moving average is $29.23. 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 capitalization of $1.95 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. Helmerich & Payne, Inc. has a 1 year low of $17.82 and a 1 year high of $42.60.

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

Helmerich & Payne Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid 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 5.10%. Helmerich & Payne's dividend payout ratio is currently 32.89%.

Insider Activity at Helmerich & Payne

In related news, CEO John W. Lindsay purchased 20,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $27.55 per share, with a total value of $551,000.00. Following the transaction, the chief executive officer now owns 691,214 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Belgacem Chariag purchased 37,356 shares of the firm's stock in a transaction on Monday, February 10th. The stock was bought at an average cost of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now directly owns 54,606 shares of the company's stock, valued at $1,478,730.48. This trade represents a 216.56 % increase in their position. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by corporate insiders.

About Helmerich & Payne

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.