18,728 Shares in Helmerich & Payne, Inc. $HP Bought by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Helmerich & Payne, Inc. (NYSE:HP) in the 3rd quarter, Holdings Channel reports. The firm bought 18,728 shares of the oil and gas company’s stock, valued at approximately $696,000.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Helmerich & Payne in the 2nd quarter worth approximately $513,336,000. Dimensional Fund Advisors LP increased its position in Helmerich & Payne by 11.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,735,765 shares of the oil and gas company’s stock valued at $206,660,000 after buying an additional 570,500 shares in the last quarter. Bank of America Corp DE raised its stake in Helmerich & Payne by 109.2% during the first quarter. Bank of America Corp DE now owns 1,676,169 shares of the oil and gas company’s stock valued at $60,392,000 after buying an additional 874,823 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in Helmerich & Payne by 217.4% during the second quarter. Alyeska Investment Group L.P. now owns 1,526,707 shares of the oil and gas company’s stock valued at $49,984,000 after buying an additional 1,045,727 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Helmerich & Payne during the second quarter valued at $30,606,000. 96.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Helmerich & Payne

In other Helmerich & Payne news, SVP Cara Hair sold 11,149 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $44.27, for a total transaction of $493,566.23. Following the transaction, the senior vice president owned 136,095 shares in the company, valued at approximately $6,024,925.65. This represents a 7.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Sara Momper sold 5,054 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $44.28, for a total transaction of $223,791.12. Following the sale, the chief accounting officer directly owned 16,958 shares in the company, valued at approximately $750,900.24. The trade was a 22.96% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 110,673 shares of company stock worth $4,864,590. Company insiders own 4.40% of the company’s stock.

Helmerich & Payne Trading Up 0.9%

Shares of NYSE:HP opened at $35.72 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.96 and a quick ratio of 1.55. Helmerich & Payne, Inc. has a 1 year low of $24.45 and a 1 year high of $48.17. The company has a market cap of $3.57 billion, a P/E ratio of -25.33, a PEG ratio of 0.90 and a beta of 0.63. The stock’s fifty day moving average price is $39.95 and its 200-day moving average price is $37.37.

Helmerich & Payne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Helmerich & Payne’s payout ratio is -70.92%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Bank of America reissued a “buy” rating on shares of Helmerich & Payne in a report on Monday, October 12th. Morgan Stanley raised their price target on Helmerich & Payne from $36.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, August 20th. UBS Group lifted their price target on Helmerich & Payne from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Barclays lifted their price target on Helmerich & Payne from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, October 12th. Finally, Royal Bank Of Canada upped their price target on shares of Helmerich & Payne from $44.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Helmerich & Payne presently has a consensus rating of “Hold” and an average price target of $44.36.

About Helmerich & Payne

Helmerich & Payne, Inc. is a drilling contractor that provides services and technology to oil and natural gas companies. Founded in 1920 and headquartered in Tulsa, Oklahoma, the company has a long history in the drilling industry. Its operations include contract drilling with land rigs, offshore platform rigs and related drilling solutions. The company is known for its FlexRig fleet and also offers technologies and services designed to support drilling performance and efficiency. Helmerich & Payne serves customers in the United States and international markets.