Bessemer Group Inc. boosted its position in shares of Helmerich & Payne, Inc. (NYSE:HP) by 22.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,546 shares of the oil and gas company’s stock after buying an additional 6,079 shares during the quarter. Bessemer Group Inc.’s holdings in Helmerich & Payne were worth $1,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ffcm LLC boosted its stake in shares of Helmerich & Payne by 409.2% during the second quarter. Ffcm LLC now owns 2,872 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 2,308 shares during the period. AlphaMark Advisors LLC boosted its stake in shares of Helmerich & Payne by 3.1% during the second quarter. AlphaMark Advisors LLC now owns 3,326 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 101 shares during the period. Sandy Spring Bank boosted its stake in shares of Helmerich & Payne by 36.7% during 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 period. Sapphire Star Partners LP purchased a new stake in shares of Helmerich & Payne during the third quarter valued at $202,000. Finally, Murphy Capital Management Inc. boosted its stake in shares of Helmerich & Payne by 2.6% during the second quarter. Murphy Capital Management Inc. now owns 4,000 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 100 shares during the period.

A number of analysts have recently issued reports on HP shares. Royal Bank Of Canada reissued a “hold” rating and set a $65.00 target price on shares of Helmerich & Payne in a research note on Thursday, July 20th. Seaport Global Securities reissued a “sell” rating on shares of Helmerich & Payne in a research note on Thursday, July 20th. Citigroup Inc. lowered shares of Helmerich & Payne from a “neutral” rating to a “sell” rating and lowered their target price for the company from $58.00 to $43.00 in a research note on Friday, July 28th. BidaskClub lowered shares of Helmerich & Payne from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, UBS AG reissued a “buy” rating and set a $60.00 target price (down from $84.00) on shares of Helmerich & Payne in a research note on Monday, July 31st. Nine equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. Helmerich & Payne currently has a consensus rating of “Hold” and an average price target of $54.27.

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In other Helmerich & Payne news, CEO John W. Lindsay purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of $47.73 per share, for a total transaction of $238,650.00. Following the completion of the purchase, the chief executive officer now owns 147,727 shares of the company’s stock, valued at $7,051,009.71. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.23% of the stock is currently owned by insiders.

Shares of Helmerich & Payne, Inc. (HP) opened at $56.38 on Tuesday. Helmerich & Payne, Inc. has a 52 week low of $42.16 and a 52 week high of $85.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.33 and a current ratio of 3.74.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, November 10th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.97%. Helmerich & Payne’s payout ratio is -167.66%.

Helmerich & Payne Profile

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.

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

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