Bank of America Corp DE Sells 195,706 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bank of America Corp DE cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 47.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,374 shares of the oil and gas company’s stock after selling 195,706 shares during the period. Bank of America Corp DE owned approximately 0.14% of Helix Energy Solutions Group worth $1,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HLX. Barclays PLC boosted its holdings in Helix Energy Solutions Group by 269.0% in the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company’s stock worth $3,402,000 after purchasing an additional 223,432 shares in the last quarter. KBC Group NV boosted its holdings in Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 3,491 shares in the last quarter. Empowered Funds LLC boosted its holdings in Helix Energy Solutions Group by 352.3% in the fourth quarter. Empowered Funds LLC now owns 538,485 shares of the oil and gas company’s stock worth $5,019,000 after purchasing an additional 419,437 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Helix Energy Solutions Group by 7.9% in the fourth quarter. Van ECK Associates Corp now owns 2,327,582 shares of the oil and gas company’s stock worth $21,693,000 after purchasing an additional 169,543 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Helix Energy Solutions Group in the fourth quarter worth $93,000. 91.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James cut shares of Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Stock Up 1.3%

HLX stock opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group, Inc. has a 52-week low of $5.66 and a 52-week high of $13.05. The company has a 50-day moving average of $6.67 and a two-hundred day moving average of $8.17. The stock has a market capitalization of $950.09 million, a price-to-earnings ratio of 156.79 and a beta of 1.69.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $278.06 million during the quarter, compared to analysts’ expectations of $285.06 million. As a group, equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Helix Energy Solutions Group Company 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.