Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund trimmed its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,943 shares of the oil and gas company’s stock after selling 6,630 shares during the quarter. Texas Permanent School Fund owned 0.06% of Helix Energy Solutions Group worth $708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Point72 Hong Kong Ltd lifted its holdings in Helix Energy Solutions Group by 388.4% during the 3rd quarter. Point72 Hong Kong Ltd now owns 7,423 shares of the oil and gas company’s stock worth $29,000 after buying an additional 5,903 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Helix Energy Solutions Group by 91.4% in the 1st quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 3,298 shares during the last quarter. CWM LLC lifted its holdings in shares of Helix Energy Solutions Group by 292.6% in the 3rd quarter. CWM LLC now owns 10,000 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 7,453 shares during the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $42,000. Finally, Pathstone Family Office LLC purchased a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $43,000. 87.78% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Down 1.6 %

HLX opened at $6.60 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $7.43 and a two-hundred day moving average price of $7.31. Helix Energy Solutions Group, Inc. has a 52 week low of $2.47 and a 52 week high of $9.16. The company has a market cap of $999.91 million, a PE ratio of -20.00 and a beta of 2.78.

Helix Energy Solutions Group (NYSE:HLX – Get Rating) last released its earnings results on Monday, February 20th. The oil and gas company reported $0.09 earnings per share (EPS) for the quarter. Helix Energy Solutions Group had a negative return on equity of 2.25% and a negative net margin of 5.23%. The company had revenue of $287.82 million for the quarter, compared to analysts’ expectations of $244.70 million. As a group, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.46 EPS for the current year.

Helix Energy Solutions Group declared that its board has initiated a stock buyback program on Monday, February 20th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 16.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, April 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Helix Energy Solutions Group has a consensus rating of “Moderate Buy” and an average price target of $7.80.

Helix Energy Solutions Group Profile

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Helix Energy Solutions Group, Inc is an international offshore energy company. It focuses on subsea construction, maintenance and salvage services to the offshore natural gas and oil industry. The firm also provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.