AE Wealth Management LLC bought a new stake in Helmerich & Payne, Inc. (NYSE:HP) during the 4th quarter, Holdings Channel reports. The fund bought 17,649 shares of the oil and gas company’s stock, valued at approximately $1,141,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sandy Spring Bank grew its stake in Helmerich & Payne by 36.7% in 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 last quarter. Sapphire Star Partners LP purchased a new position in Helmerich & Payne in the third quarter valued at about $202,000. Private Advisor Group LLC purchased a new position in Helmerich & Payne in the third quarter valued at about $206,000. McCollum Christoferson Group LLC purchased a new position in Helmerich & Payne in the fourth quarter valued at about $209,000. Finally, IFM Investors Pty Ltd purchased a new position in Helmerich & Payne in the fourth quarter valued at about $215,000.

Shares of Helmerich & Payne, Inc. (NYSE HP) opened at $64.87 on Friday. The company has a quick ratio of 3.19, a current ratio of 3.28 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $7,050.00, a PE ratio of 17.63 and a beta of 1.27. Helmerich & Payne, Inc. has a twelve month low of $42.16 and a twelve month high of $75.02.

Helmerich & Payne (NYSE:HP) last released its earnings results on Thursday, January 25th. The oil and gas company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.14. Helmerich & Payne had a negative return on equity of 1.90% and a net margin of 20.30%. The firm had revenue of $564.10 million during the quarter, compared to the consensus estimate of $547.64 million. During the same quarter in the previous year, the company posted ($0.33) earnings per share. The company’s revenue was up 53.0% compared to the same quarter last year. sell-side analysts forecast that Helmerich & Payne, Inc. will post -0.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, February 9th. Helmerich & Payne’s dividend payout ratio (DPR) is 76.09%.

In related news, Director Chapman Paula Marshall sold 4,122 shares of Helmerich & Payne stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $71.40, for a total transaction of $294,310.80. Following the completion of the sale, the director now owns 16,647 shares of the company’s stock, valued at $1,188,595.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.10% of the company’s stock.

HP has been the topic of several analyst reports. BMO Capital Markets reiterated a “sell” rating on shares of Helmerich & Payne in a research note on Friday, October 13th. Royal Bank of Canada reiterated a “hold” rating and issued a $53.00 target price on shares of Helmerich & Payne in a research note on Wednesday, October 18th. Cowen set a $50.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Wednesday, October 18th. B. Riley reiterated a “neutral” rating on shares of Helmerich & Payne in a research note on Wednesday, November 1st. Finally, Jefferies Group set a $58.00 target price on Helmerich & Payne and gave the company a “hold” rating in a research note on Saturday, November 18th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $57.68.

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About Helmerich & Payne

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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Institutional Ownership by Quarter for Helmerich & Payne (NYSE:HP)

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