US Bancorp DE Grows Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

US Bancorp DE lifted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 31.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,512 shares of the oil and gas company’s stock after purchasing an additional 11,804 shares during the quarter. US Bancorp DE’s holdings in Helix Energy Solutions Group were worth $550,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HLX. Pacer Advisors Inc. bought a new stake in Helix Energy Solutions Group in the second quarter worth $81,862,000. Assenagon Asset Management S.A. grew its stake in Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after purchasing an additional 985,101 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth about $11,451,000. Principal Financial Group Inc. boosted its position in shares of Helix Energy Solutions Group by 87.8% in the 2nd quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock worth $17,783,000 after purchasing an additional 696,395 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Helix Energy Solutions Group by 24.9% in the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after acquiring an additional 680,635 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on HLX. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock. TD Cowen reduced their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Insiders Place Their Bets

In other news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of Helix Energy Solutions Group stock opened at $10.21 on Monday. The stock has a 50 day moving average of $10.10 and a 200 day moving average of $10.86. Helix Energy Solutions Group, Inc. has a 12 month low of $8.82 and a 12 month high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.55 billion, a PE ratio of 255.31 and a beta of 2.43.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.