Radnor Capital Management LLC increased its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,560 shares of the oil and gas company’s stock after purchasing an additional 200 shares during the quarter. Radnor Capital Management LLC’s holdings in Helmerich & Payne were worth $1,129,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in Helmerich & Payne during the fourth quarter worth $1,016,000. DNB Asset Management AS acquired a new position in Helmerich & Payne during the fourth quarter worth $529,000. State of Alaska Department of Revenue boosted its holdings in Helmerich & Payne by 2.8% during the fourth quarter. State of Alaska Department of Revenue now owns 37,712 shares of the oil and gas company’s stock worth $1,806,000 after purchasing an additional 1,023 shares during the last quarter. Park National Corp OH boosted its holdings in Helmerich & Payne by 126.4% during the fourth quarter. Park National Corp OH now owns 24,875 shares of the oil and gas company’s stock worth $1,192,000 after purchasing an additional 13,886 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Helmerich & Payne by 13.0% during the third quarter. Teachers Advisors LLC now owns 203,208 shares of the oil and gas company’s stock worth $13,975,000 after purchasing an additional 23,389 shares during the last quarter. Institutional investors and hedge funds own 90.67% of the company’s stock.
In other news, VP John R. Bell sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, November 26th. The shares were sold at an average price of $60.17, for a total value of $782,210.00. Following the sale, the vice president now directly owns 63,375 shares in the company, valued at approximately $3,813,273.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Michael Lennox sold 6,912 shares of the firm’s stock in a transaction that occurred on Tuesday, December 11th. The shares were sold at an average price of $60.08, for a total transaction of $415,272.96. Following the completion of the sale, the vice president now owns 10,360 shares in the company, valued at $622,428.80. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Thursday, November 15th. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $696.83 million for the quarter, compared to the consensus estimate of $683.89 million. Helmerich & Payne had a net margin of 19.41% and a return on equity of 0.41%. Sell-side analysts anticipate that Helmerich & Payne, Inc. will post 1.59 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be paid a dividend of $0.71 per share. The ex-dividend date is Thursday, February 7th. This represents a $2.84 dividend on an annualized basis and a yield of 5.33%. Helmerich & Payne’s payout ratio is 2,028.57%.
Several research analysts recently commented on the stock. Zacks Investment Research cut shares of Helmerich & Payne from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. ValuEngine upgraded shares of Helmerich & Payne from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Helmerich & Payne in a research note on Sunday, January 6th. Cowen reiterated a “hold” rating and issued a $61.00 price target on shares of Helmerich & Payne in a research note on Monday, December 3rd. Finally, Credit Suisse Group upgraded shares of Helmerich & Payne from an “underperform” rating to a “neutral” rating and increased their price target for the company from $63.00 to $65.00 in a research note on Monday, November 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Helmerich & Payne presently has an average rating of “Buy” and an average target price of $70.72.
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Helmerich & Payne Company Profile
Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.
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