Ffcm LLC increased its stake in Helmerich & Payne, Inc. (NYSE:HP) by 4.0% in the third quarter, Holdings Channel reports. The fund owned 20,198 shares of the oil and gas company’s stock after purchasing an additional 780 shares during the period. Ffcm LLC’s holdings in Helmerich & Payne were worth $1,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Helmerich & Payne in the 2nd quarter valued at about $134,000. Signition LP bought a new stake in shares of Helmerich & Payne in the 3rd quarter valued at about $201,000. Eads & Heald Wealth Management bought a new stake in shares of Helmerich & Payne in the 3rd quarter valued at about $202,000. Abner Herrman & Brock LLC bought a new stake in shares of Helmerich & Payne in the 3rd quarter valued at about $206,000. Finally, Pratt Collard Advisory Partners LLC bought a new stake in shares of Helmerich & Payne in the 3rd quarter valued at about $208,000. 92.42% of the stock is owned by institutional investors.

In other Helmerich & Payne news, Director Chapman Paula Marshall sold 11,309 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $65.13, for a total transaction of $736,555.17. Following the transaction, the director now owns 14,874 shares in the company, valued at approximately $968,743.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Lindsay sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $70.00, for a total value of $2,100,000.00. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.

Shares of NYSE:HP opened at $58.30 on Thursday. Helmerich & Payne, Inc. has a 1 year low of $52.53 and a 1 year high of $75.02. The stock has a market cap of $6.60 billion, a P/E ratio of -45.91 and a beta of 1.30. The company has a current ratio of 2.97, a quick ratio of 2.57 and a debt-to-equity ratio of 0.11.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, November 12th will be issued a dividend of $0.71 per share. The ex-dividend date is Thursday, November 8th. This represents a $2.84 dividend on an annualized basis and a yield of 4.87%. Helmerich & Payne’s dividend payout ratio is presently -223.62%.

A number of equities research analysts have recently weighed in on HP shares. Zacks Investment Research raised Helmerich & Payne from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research note on Tuesday, October 9th. B. Riley set a $83.00 target price on Helmerich & Payne and gave the company a “buy” rating in a research note on Sunday, October 7th. Wolfe Research initiated coverage on Helmerich & Payne in a research note on Wednesday, October 10th. They issued an “underperform” rating for the company. JPMorgan Chase & Co. upgraded Helmerich & Payne from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $49.00 to $58.00 in a report on Friday, September 14th. Finally, ValuEngine upgraded Helmerich & Payne from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.00.

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Helmerich & Payne Profile

Helmerich & Payne, Inc primarily engages in drilling oil and gas wells for exploration and production companies. The company operates through U.S. Land, Offshore, and International Land segments. The U.S. Land segment drills primarily in Colorado, Louisiana, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, Utah, West Virginia, and Wyoming.

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

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