Allspring Global Investments Holdings LLC Has $12.20 Million Stake in Helmerich & Payne, Inc. (NYSE:HP)

Allspring Global Investments Holdings LLC grew its holdings in Helmerich & Payne, Inc. (NYSE:HP) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 371,369 shares of the oil and gas company’s stock after buying an additional 30,426 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Helmerich & Payne were worth $12,204,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HP. Covestor Ltd increased its holdings in shares of Helmerich & Payne by 76.9% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 643 shares during the period. Blue Trust Inc. increased its holdings in shares of Helmerich & Payne by 127.8% in the 3rd quarter. Blue Trust Inc. now owns 1,522 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 854 shares during the period. Quarry LP acquired a new position in shares of Helmerich & Payne in the 3rd quarter valued at about $48,000. Eastern Bank acquired a new position in shares of Helmerich & Payne in the 3rd quarter valued at about $61,000. Finally, Steph & Co. acquired a new position in shares of Helmerich & Payne in the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 96.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Benchmark restated a “hold” rating on shares of Helmerich & Payne in a report on Thursday, November 21st. Barclays dropped their price objective on Helmerich & Payne from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 20th. Argus upgraded Helmerich & Payne to a “hold” rating in a report on Tuesday, February 11th. Evercore ISI restated an “in-line” rating and issued a $39.00 price objective (down previously from $48.00) on shares of Helmerich & Payne in a report on Wednesday, January 15th. Finally, Citigroup upgraded Helmerich & Payne from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $40.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Helmerich & Payne currently has a consensus rating of “Hold” and an average target price of $38.75.

Insider Activity

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

Helmerich & Payne Stock Down 2.8 %

Shares of Helmerich & Payne stock opened at $26.53 on Tuesday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 8.73, a PEG ratio of 3.41 and a beta of 1.37. The company has a quick ratio of 2.40, a current ratio of 2.81 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $32.20 and a two-hundred day moving average price of $33.14. Helmerich & Payne, Inc. has a 12-month low of $26.32 and a 12-month high of $44.11.

Helmerich & Payne (NYSE:HP) last announced its earnings results on Wednesday, February 5th. The oil and gas company reported $0.71 earnings per share (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%. Equities analysts expect that Helmerich & Payne, Inc. will post 3.11 earnings per share for the current year.

Helmerich & Payne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.25 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.00 annualized dividend and a dividend yield of 3.77%. Helmerich & Payne’s dividend payout ratio is 32.89%.

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.