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Hans Helmerich sells 150,000 shares of Helmerich & Payne, Inc. (NYSE: HP)

Helmerich & Payne, Inc. (NYSE: HP – Get a rating) Director Hans Helmerich sold 150,000 shares in a trade that took place on Thursday, March 10. The stock was sold at an average price of $42.54, for a total value of $6,381,000.00. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website.

NYSE HP shares traded down $0.93 at midday Friday, hitting $41.88. 1,387,094 shares of the company were traded, against an average volume of 1,616,772. Helmerich & Payne, Inc. has a 52-week low of $20.93 and a 52-week high of $45.40. The stock has a market capitalization of $4.42 billion, a PE ratio of -14.92 and a beta of 1.92. The company has a debt ratio of 0.20, a quick ratio of 2.17 and a current ratio of 2.39. The company’s fifty-day moving average price is $32.02 and its two-hundred-day moving average price is $29.31.

Helmerich & Payne (NYSE: HP – Get a rating) last announced its results on Monday, January 31. The oil and gas company reported ($0.45) earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of ($0.50) by $0.05. Helmerich & Payne had a negative return on equity of 8.10% and a negative net margin of 22.22%. The company posted revenue of $409.78 million for the quarter, versus analyst estimates of $381.10 million. During the same period of the previous year, the company made ($0.82) earnings per share. Analysts predict Helmerich & Payne, Inc. will post -0.93 earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, May 27. Investors of record on Friday, May 13 will receive a dividend of $0.25. This represents an annualized dividend of $1.00 and a yield of 2.39%. The ex-dividend date is Thursday, May 12. Helmerich & Payne’s payout ratio is currently -34.84%.

Several stock analysts have weighed in on the company. Citigroup lowered its price target on Helmerich & Payne from $30.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 19. StockNews.com downgraded Helmerich & Payne from a “hold” rating to a “sell” rating in a Friday, March 4 research report. TheStreet upgraded Helmerich & Payne from a “d+” to a “c-” rating in a Monday, February 7 research report. Morgan Stanley raised its price target on Helmerich & Payne from $27.00 to $29.00 and gave the stock an “underweight” rating in a Monday, Feb. 7 report. Finally, Barclays upgraded Helmerich & Payne from a “weighted” rating to an “overweight” rating in a Tuesday, January 4 report. Three analysts gave the stock a sell rating, seven gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat.com, Helmerich & Payne has a consensus rating of “Hold” and an average price target of $30.92.

A number of institutional investors have recently changed their positions in HP. Peapack Gladstone Financial Corp increased its stake in Helmerich & Payne by 1.4% in the third quarter. Peapack Gladstone Financial Corp now owns 22,702 shares of the oil and gas company valued at $622,000 after acquiring 322 additional shares during the period. Mutual of America Capital Management LLC increased its position in Helmerich & Payne shares by 2.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 14,742 shares of the oil and gas company worth $349,000 after purchasing 353 additional shares during the period. Captrust Financial Advisors increased its position in Helmerich & Payne shares by 4.4% during the third quarter. Captrust Financial Advisors now owns 10,502 shares of the oil and gas company worth $288,000 after buying 447 additional shares during the period. The State Board of Administration of Florida Retirement System raised its position in Helmerich & Payne by 1.1% in the third quarter. The Florida Retirement System State Board of Directors now owns 42,816 shares of the oil and gas company worth $1,174,000 after purchasing an additional 450 shares during the period. Finally, Fifth Third Bancorp increased its position in Helmerich & Payne by 3.8% in the third quarter. Fifth Third Bancorp now owns 13,397 shares of the oil and gas company worth $367,000 after buying 486 additional shares during the period. 86.79% of the shares are held by hedge funds and other institutional investors.

About Helmerich & Payne (Get a rating)

Founded in 1920, Helmerich & Payne, Inc (H&P) (NYSE: HP) is committed to providing industry-leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, security and innovation to deliver superior results for its customers and returns for shareholders.

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