Helix Energy Solutions Group, Inc. (NYSE:HLX) Position Increased by Fmr LLC

Fmr LLC raised its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 28.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 227,778 shares of the oil and gas company’s stock after buying an additional 50,117 shares during the period. Fmr LLC owned approximately 0.15% of Helix Energy Solutions Group worth $2,528,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HLX. Fisher Asset Management LLC raised its stake in Helix Energy Solutions Group by 3.9% during the 3rd quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company’s stock valued at $21,549,000 after purchasing an additional 72,945 shares during the period. Charles Schwab Investment Management Inc. raised its position in Helix Energy Solutions Group by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,110,162 shares of the oil and gas company’s stock valued at $23,423,000 after buying an additional 59,252 shares during the period. Intech Investment Management LLC lifted its stake in Helix Energy Solutions Group by 51.7% in the 3rd quarter. Intech Investment Management LLC now owns 47,168 shares of the oil and gas company’s stock worth $524,000 after acquiring an additional 16,072 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company’s stock worth $11,829,000 after purchasing an additional 106,582 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of Helix Energy Solutions Group by 5.3% during the third quarter. Empowered Funds LLC now owns 119,048 shares of the oil and gas company’s stock worth $1,321,000 after acquiring an additional 6,030 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 4.0 %

NYSE:HLX opened at $9.24 on Friday. The business’s 50-day simple moving average is $10.19 and its 200-day simple moving average is $10.71. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $1.41 billion, a PE ratio of 231.06 and a beta of 2.45.

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, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter in the prior year, the firm posted $0.19 EPS. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HLX shares. TD Cowen decreased their target price on 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. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price on the stock. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the sale, the director now owns 26,133 shares of the company’s stock, valued at $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the sale, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. The trade was a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 484,419 shares of company stock valued at $5,394,094 in the last three months. 6.37% of the stock is currently owned by company insiders.

Helix Energy Solutions Group Profile

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.