Victory Capital Management Inc. Sells 212,169 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Victory Capital Management Inc. lessened its holdings in shares of Helmerich & Payne, Inc. (NYSE:HP) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,766,931 shares of the oil and gas company’s stock after selling 212,169 shares during the quarter. Victory Capital Management Inc.’s holdings in Helmerich & Payne were worth $88,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Helmerich & Payne by 3.5% during the fourth 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 acquiring an additional 53,277 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Helmerich & Payne during the fourth quarter valued at approximately $131,000. Smartleaf Asset Management LLC raised its holdings in shares of Helmerich & Payne by 82.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,805 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 1,268 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Helmerich & Payne by 4.6% during the fourth quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company’s stock valued at $45,268,000 after acquiring an additional 62,377 shares in the last quarter. Finally, Private Capital Management LLC bought a new position in Helmerich & Payne in the third quarter worth $1,095,000. Institutional investors own 96.05% of the company’s stock.

Insider Activity at Helmerich & Payne

In other news, Director Belgacem Chariag bought 37,356 shares of the stock in a transaction on Monday, February 10th. The shares were bought at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the completion of the acquisition, the director now owns 54,606 shares in the company, valued at $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the acquisition, 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 disclosure for this purchase can be found here. 4.51% of the stock is currently owned by insiders.

Helmerich & Payne Trading Down 0.7 %

NYSE HP opened at $25.07 on Friday. Helmerich & Payne, Inc. has a 12 month low of $23.80 and a 12 month high of $44.11. The stock has a market cap of $2.49 billion, a P/E ratio of 8.25, a P/E/G ratio of 3.52 and a beta of 1.37. The stock’s fifty day moving average price is $30.79 and its 200-day moving average price is $32.44. 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 (NYSE:HP) last released its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 EPS 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 analysts forecast that Helmerich & Payne, Inc. will post 2.93 EPS for the current fiscal year.

Helmerich & Payne Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.99%. Helmerich & Payne’s dividend payout ratio (DPR) is presently 32.89%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HP. Royal Bank of Canada decreased their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Barclays decreased their price objective on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Benchmark reiterated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Argus upgraded Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $37.25.

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.