The Manufacturers Life Insurance Company Boosts Stock Holdings in Helmerich & Payne, Inc. (NYSE:HP)

The Manufacturers Life Insurance Company grew its stake in shares of Helmerich & Payne, Inc. (NYSE:HP - Free Report) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,270,321 shares of the oil and gas company's stock after acquiring an additional 109,035 shares during the period. The Manufacturers Life Insurance Company owned 1.28% of Helmerich & Payne worth $40,676,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Helmerich & Payne by 320.2% during 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Helmerich & Payne during the third quarter worth about $452,000. Tidal Investments LLC increased its holdings in Helmerich & Payne by 66.4% in the 3rd quarter. Tidal Investments LLC now owns 70,402 shares of the oil and gas company's stock valued at $2,142,000 after buying an additional 28,101 shares during the period. Franklin Resources Inc. raised its position in shares of Helmerich & Payne by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 157,568 shares of the oil and gas company's stock valued at $4,793,000 after buying an additional 666 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Helmerich & Payne by 28.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 593,330 shares of the oil and gas company's stock worth $18,049,000 after acquiring an additional 129,613 shares during the period. Institutional investors own 96.05% of the company's stock.

Insider Transactions at Helmerich & Payne

In other Helmerich & Payne news, CEO John W. Lindsay purchased 20,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired 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 owns 691,214 shares of the company's stock, valued at $19,042,945.70. This trade represents a 2.98 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Belgacem Chariag acquired 37,356 shares of the stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the acquisition, the director now owns 54,606 shares of the company's stock, valued at approximately $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 Trading Up 1.3 %

HP traded up $0.26 during trading on Tuesday, reaching $19.71. 308,011 shares of the company's stock were exchanged, compared to its average volume of 1,522,024. The stock has a market capitalization of $1.96 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. The firm has a fifty day moving average price of $22.76 and a two-hundred day moving average price of $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. Helmerich & Payne, Inc. has a one year low of $17.82 and a one 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 for the quarter, beating the consensus estimate of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. As a group, equities research analysts forecast that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.00 annualized dividend and a yield of 5.07%. Helmerich & Payne's payout ratio is 32.89%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HP shares. Citigroup decreased their price objective 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. The Goldman Sachs Group dropped their price objective on Helmerich & Payne from $32.00 to $25.00 and set a "sell" rating for the company in a research report on Thursday, April 10th. Morgan Stanley reiterated an "underweight" rating and issued a $27.00 target price on shares of Helmerich & Payne in a research report on Thursday, March 27th. Royal Bank of Canada dropped their target price 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, Argus upgraded shares of Helmerich & Payne to a "hold" rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.