Systematic Financial Management LP Purchases 20,770 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Systematic Financial Management LP raised its stake in Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 573,271 shares of the oil and gas company's stock after buying an additional 20,770 shares during the period. Systematic Financial Management LP owned about 0.58% of Helmerich & Payne worth $18,356,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HP. Earnest Partners LLC boosted its stake in shares of Helmerich & Payne by 1.0% in the 4th quarter. Earnest Partners LLC now owns 3,487,019 shares of the oil and gas company's stock valued at $111,654,000 after purchasing an additional 35,013 shares in the last quarter. ARGA Investment Management LP boosted its stake in shares of Helmerich & Payne by 42.5% in the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company's stock valued at $86,013,000 after purchasing an additional 801,000 shares in the last quarter. American Century Companies Inc. boosted its stake 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 valued at $85,121,000 after purchasing an additional 327,374 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Helmerich & Payne by 5.1% in the 4th quarter. Northern Trust Corp now owns 1,699,388 shares of the oil and gas company's stock valued at $54,414,000 after purchasing an additional 82,254 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Helmerich & Payne by 3.5% in 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. Institutional investors own 96.05% of the company's stock.

Helmerich & Payne Trading Up 1.3%

Shares of NYSE:HP traded up $0.20 on Thursday, hitting $15.41. The company had a trading volume of 1,546,208 shares, compared to its average volume of 1,594,042. The firm's 50-day simple moving average is $20.97 and its two-hundred day simple moving average is $27.98. Helmerich & Payne, Inc. has a 1 year low of $14.65 and a 1 year high of $42.60. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of 3.52 and a beta of 0.93.

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

Helmerich & Payne Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.00 annualized dividend and a dividend yield of 6.49%. Helmerich & Payne's dividend payout ratio is 45.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Helmerich & Payne from a "hold" rating to a "sell" rating in a research note on Thursday. Argus raised shares of Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Susquehanna dropped their price target on shares of Helmerich & Payne from $43.00 to $28.00 and set a "positive" rating for the company in a research report on Monday, April 14th. TD Cowen dropped their price target on shares of Helmerich & Payne from $28.00 to $26.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Finally, Royal Bank of Canada dropped 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 research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $28.80.

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.