Entropy Technologies LP Buys 14,936 Shares of Helmerich & Payne, Inc. (NYSE:HP)

Entropy Technologies LP lifted its stake in Helmerich & Payne, Inc. (NYSE:HP) by 86.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,128 shares of the oil and gas company’s stock after acquiring an additional 14,936 shares during the period. Entropy Technologies LP’s holdings in Helmerich & Payne were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Helmerich & Payne by 0.8% in the third quarter. State Street Corp now owns 4,182,972 shares of the oil and gas company’s stock valued at $127,246,000 after purchasing an additional 34,395 shares during the period. ARGA Investment Management LP grew its stake in Helmerich & Payne by 42.5% in the 4th quarter. ARGA Investment Management LP now owns 2,686,215 shares of the oil and gas company’s stock valued at $86,013,000 after buying an additional 801,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in Helmerich & Payne by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,247,214 shares of the oil and gas company’s stock worth $68,373,000 after acquiring an additional 22,875 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Helmerich & Payne by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,504,654 shares of the oil and gas company’s stock worth $45,772,000 after acquiring an additional 49,982 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Helmerich & Payne by 18.0% during the third quarter. The Manufacturers Life Insurance Company now owns 1,161,286 shares of the oil and gas company’s stock valued at $35,326,000 after acquiring an additional 177,023 shares during the period. 96.05% of the stock is currently owned by institutional investors and hedge funds.

Helmerich & Payne Stock Up 2.3 %

HP opened at $27.38 on Tuesday. The company has a market capitalization of $2.72 billion, a P/E ratio of 9.00, a P/E/G ratio of 3.41 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.40. The firm’s fifty day moving average price is $32.96 and its two-hundred day moving average price is $33.58. Helmerich & Payne, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $44.11.

Helmerich & Payne (NYSE:HP) last issued its 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 net margin of 11.02% and a return on equity of 11.31%. On average, analysts anticipate that Helmerich & Payne, Inc. will post 3.11 EPS for the current year.

Helmerich & Payne Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.65%. Helmerich & Payne’s dividend payout ratio is currently 32.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HP shares. Evercore ISI reiterated an “in-line” rating and issued a $39.00 price objective (down from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Benchmark reaffirmed a “hold” rating on shares of Helmerich & Payne in a research report on Thursday, November 21st. Barclays reduced their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 20th. Citigroup raised shares of Helmerich & Payne from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $40.00 in a research report on Friday, January 10th. Finally, Royal Bank of Canada reduced their price target 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.75.

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.