Wealthfront Advisers LLC Raises Stake in Helmerich & Payne, Inc. (NYSE:HP)

Wealthfront Advisers LLC raised its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 131.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,334 shares of the oil and gas company’s stock after purchasing an additional 37,070 shares during the quarter. Wealthfront Advisers LLC owned 0.06% of Helmerich & Payne worth $2,968,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HP. FMR LLC lifted its holdings in Helmerich & Payne by 30.7% during the first quarter. FMR LLC now owns 308,156 shares of the oil and gas company’s stock valued at $17,121,000 after purchasing an additional 72,343 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Helmerich & Payne by 9.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 92,738 shares of the oil and gas company’s stock valued at $5,153,000 after buying an additional 8,308 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Helmerich & Payne by 88.6% during the second quarter. Renaissance Technologies LLC now owns 57,700 shares of the oil and gas company’s stock valued at $2,921,000 after buying an additional 27,100 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Helmerich & Payne by 10.3% during the second quarter. Asset Management One Co. Ltd. now owns 59,402 shares of the oil and gas company’s stock valued at $3,007,000 after buying an additional 5,547 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Helmerich & Payne by 4.1% during the second quarter. Vanguard Group Inc. now owns 12,381,816 shares of the oil and gas company’s stock valued at $626,767,000 after buying an additional 490,806 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO John W. Lindsay sold 45,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $38.61, for a total value of $1,737,450.00. Following the completion of the sale, the chief executive officer now directly owns 318,441 shares of the company’s stock, valued at $12,295,007.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John R. Bell sold 9,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $38.67, for a total transaction of $348,030.00. Following the completion of the sale, the vice president now directly owns 81,426 shares of the company’s stock, valued at $3,148,743.42. The disclosure for this sale can be found here. Insiders own 4.17% of the company’s stock.

HP has been the topic of several recent analyst reports. Bank of America cut shares of Helmerich & Payne from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 8th. Evercore ISI upgraded shares of Helmerich & Payne from an “in-line” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Monday, November 11th. Sanford C. Bernstein initiated coverage on shares of Helmerich & Payne in a research report on Monday, January 13th. They set a “market perform” rating and a $47.30 price objective on the stock. Argus cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, ValuEngine upgraded shares of Helmerich & Payne from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.95.

Shares of HP opened at $43.97 on Wednesday. The company’s fifty day moving average is $44.04 and its 200 day moving average is $42.41. Helmerich & Payne, Inc. has a fifty-two week low of $35.74 and a fifty-two week high of $64.80. The stock has a market capitalization of $4.89 billion, a PE ratio of -133.24, a P/E/G ratio of 9.36 and a beta of 1.68. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.35 and a current ratio of 2.72.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings results on Thursday, November 14th. The oil and gas company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.14. Helmerich & Payne had a negative net margin of 1.20% and a positive return on equity of 4.68%. The company had revenue of $649.10 million for the quarter, compared to analysts’ expectations of $650.92 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. Helmerich & Payne’s quarterly revenue was down 6.8% on a year-over-year basis. As a group, research analysts forecast that Helmerich & Payne, Inc. will post 0.3 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 10th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Friday, February 7th. Helmerich & Payne’s dividend payout ratio (DPR) is 162.29%.

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.

Recommended Story: Why do earnings reports matter?

Want to see what other hedge funds are holding HP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helmerich & Payne, Inc. (NYSE:HP).

Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

Receive News & Ratings for Helmerich & Payne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helmerich & Payne and related companies with MarketBeat.com's FREE daily email newsletter.