Quantbot Technologies LP Trims Position in Helmerich & Payne, Inc. (NYSE:HP)

Quantbot Technologies LP lowered its position in Helmerich & Payne, Inc. (NYSE:HP) by 94.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,181 shares of the oil and gas company’s stock after selling 116,186 shares during the quarter. Quantbot Technologies LP’s holdings in Helmerich & Payne were worth $198,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Helmerich & Payne by 18.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 413,542 shares of the oil and gas company’s stock valued at $13,242,000 after purchasing an additional 64,971 shares during the period. Private Capital Management LLC acquired a new stake in shares of Helmerich & Payne during the 3rd quarter worth about $1,095,000. Fisher Asset Management LLC raised its holdings in Helmerich & Payne by 4.6% in the 4th 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 buying an additional 62,377 shares during the period. Legato Capital Management LLC lifted its position in Helmerich & Payne by 93.9% in 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 buying an additional 36,828 shares during the last quarter. Finally, Magnetar Financial LLC boosted its stake in Helmerich & Payne by 389.3% during the fourth quarter. Magnetar Financial LLC now owns 38,754 shares of the oil and gas company’s stock worth $1,241,000 after buying an additional 30,833 shares during the period. Hedge funds and other institutional investors own 96.05% of the company’s stock.

Helmerich & Payne Trading Down 1.8 %

HP opened at $25.27 on Friday. The business has a fifty day moving average price of $28.02 and a 200 day moving average price of $31.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.81 and a quick ratio of 2.52. Helmerich & Payne, Inc. has a 12 month low of $23.80 and a 12 month high of $44.11. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 3.52 and a beta of 1.42.

Helmerich & Payne (NYSE:HP) last announced its quarterly earnings data on Wednesday, February 5th. The oil and gas company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.02. Helmerich & Payne had a return on equity of 11.31% and a net margin of 11.02%. Sell-side analysts expect that Helmerich & Payne, Inc. will post 2.93 earnings per share for the current fiscal year.

Helmerich & Payne Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HP shares. Morgan Stanley reissued an “underweight” rating and issued a $27.00 price target on shares of Helmerich & Payne in a research note on Thursday. Barclays cut their target price on Helmerich & Payne from $36.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Evercore ISI restated an “in-line” rating and set a $39.00 price target (down from $48.00) on shares of Helmerich & Payne in a research report on Wednesday, January 15th. Royal Bank of Canada dropped their price objective on Helmerich & Payne from $41.00 to $35.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, Argus raised Helmerich & Payne to a “hold” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $36.11.

Insider Activity

In other Helmerich & Payne news, CEO John W. Lindsay acquired 20,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were acquired at an average price 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 in the company, valued at $19,042,945.70. The trade was a 2.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Belgacem Chariag bought 37,356 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $27.08 per share, with a total value of $1,011,600.48. Following the purchase, the director now owns 54,606 shares of the company’s stock, valued at $1,478,730.48. The trade was a 216.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.51% of the company’s stock.

Helmerich & Payne 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.