Bessemer Group Inc. boosted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,546 shares of the oil and gas company’s stock after buying an additional 6,079 shares during the quarter. Bessemer Group Inc.’s holdings in Helmerich & Payne were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ffcm LLC boosted its stake in shares of Helmerich & Payne by 409.2% during the second quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 2,308 shares during the period. AlphaMark Advisors LLC boosted its stake in shares of Helmerich & Payne by 3.1% during the second quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 101 shares during the period. Sandy Spring Bank boosted its stake in shares of Helmerich & Payne by 36.7% during the third quarter. Sandy Spring Bank now owns 3,540 shares of the oil and gas company’s stock valued at $184,000 after purchasing an additional 950 shares during the period. Sapphire Star Partners LP purchased a new stake in shares of Helmerich & Payne during the third quarter valued at $202,000. Finally, Murphy Capital Management Inc. boosted its stake in shares of Helmerich & Payne by 2.6% during the second quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 100 shares during the period.
A number of analysts have recently issued reports on HP shares. Royal Bank Of Canada reissued a “hold” rating and set a $65.00 target price on shares of Helmerich & Payne in a research note on Thursday, July 20th. Seaport Global Securities reissued a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Citigroup Inc. lowered shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and lowered their target price for the company from $58.00 to $43.00 in a research note on Friday, July 28th. BidaskClub lowered shares of Helmerich & Payne from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, UBS AG reissued a “buy” rating and set a $60.00 target price (down from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Nine equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $54.27.
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In other Helmerich & Payne news, CEO John W. Lindsay purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the purchase, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.23% of the stock is currently owned by insiders.
Shares of Helmerich & Payne, Inc. (HP) opened at $56.38 on Tuesday. Helmerich & Payne, Inc. has a 52 week low of $42.16 and a 52 week high of $85.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.33 and a current ratio of 3.74.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.97%. Helmerich & Payne’s payout ratio is -167.66%.
Helmerich & Payne Profile
Helmerich & Payne, Inc is engaged in contract drilling of oil and gas wells for others. The Company operates in the contract drilling industry. The Company’s contract drilling business consists of three segments: U.S. Land, Offshore and International Land. The Company is also engaged in the ownership, development and operation of commercial real estate and the research and development of rotary steerable technology.
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