Envestnet Portfolio Solutions Inc. Has $205,000 Position in Helmerich & Payne, Inc. (NYSE:HP)

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Helmerich & Payne, Inc. (NYSE:HP) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,417 shares of the oil and gas company’s stock after selling 420 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Helmerich & Payne were worth $205,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Helmerich & Payne by 18.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company’s stock worth $13,242,000 after buying an additional 64,971 shares during the period. Private Capital Management LLC bought a new position in Helmerich & Payne in the 3rd quarter worth $1,095,000. Fisher Asset Management LLC lifted its position in Helmerich & Payne by 4.6% during the 4th quarter. Fisher Asset Management LLC now owns 1,413,749 shares of the oil and gas company’s stock worth $45,268,000 after acquiring an additional 62,377 shares during the last quarter. Legato Capital Management LLC boosted its holdings in Helmerich & Payne by 93.9% during the fourth quarter. Legato Capital Management LLC now owns 76,064 shares of the oil and gas company’s stock valued at $2,436,000 after acquiring an additional 36,828 shares during the period. Finally, Hara Capital LLC grew its position in shares of Helmerich & Payne by 519.3% in the fourth quarter. Hara Capital LLC now owns 61,114 shares of the oil and gas company’s stock valued at $1,957,000 after purchasing an additional 51,245 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

Wall Street Analysts Forecast Growth

HP has been the subject of several recent analyst reports. Evercore ISI restated an “in-line” rating and set a $39.00 target price (down previously from $48.00) on shares of Helmerich & Payne in a research note on Wednesday, January 15th. Citigroup raised Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the company from $33.00 to $40.00 in a research report on Friday, January 10th. Argus raised shares of Helmerich & Payne to a “hold” rating in a research report on Tuesday, February 11th. Royal Bank of Canada decreased their price target on shares of Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, Barclays cut their price objective on shares of Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $36.11.

Helmerich & Payne Stock Performance

NYSE:HP opened at $25.27 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $28.02 and a 200 day moving average price of $31.61. The firm has a market capitalization of $2.51 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 3.52 and a beta of 1.42. Helmerich & Payne, Inc. has a 12-month low of $23.80 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last posted its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, topping 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%. Research analysts anticipate that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Thursday, May 15th. Helmerich & Payne’s payout ratio is 32.89%.

Insider Buying and Selling

In other Helmerich & Payne news, CEO John W. Lindsay bought 20,000 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $27.55 per share, for a total transaction of $551,000.00. Following the completion of the purchase, the chief executive officer now owns 691,214 shares in the company, valued at $19,042,945.70. This represents a 2.98 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Belgacem Chariag purchased 37,356 shares of Helmerich & Payne stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $27.08 per share, for a total transaction of $1,011,600.48. Following the transaction, the director now owns 54,606 shares in the company, valued at $1,478,730.48. This represents a 216.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.51% of the stock is currently owned by corporate insiders.

Helmerich & Payne Company 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.