17,702 Shares in Helix Energy Solutions Group, Inc. (NYSE:HLX) Bought by Saxon Interests Inc.

Saxon Interests Inc. acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,702 shares of the oil and gas company’s stock, valued at approximately $192,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HLX. GAMMA Investing LLC acquired a new position in Helix Energy Solutions Group during the fourth quarter worth $44,000. Pineridge Advisors LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter worth $54,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Helix Energy Solutions Group in the first quarter worth $135,000. Syon Capital LLC acquired a new position in shares of Helix Energy Solutions Group in the fourth quarter worth $138,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Helix Energy Solutions Group by 34.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,724 shares of the oil and gas company’s stock worth $141,000 after buying an additional 3,554 shares during the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Up 0.3 %

HLX opened at $12.02 on Wednesday. The firm has a 50 day moving average price of $11.12 and a 200 day moving average price of $10.47. Helix Energy Solutions Group, Inc. has a 1 year low of $7.24 and a 1 year high of $12.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The business had revenue of $296.21 million for the quarter, compared to analyst estimates of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, Director Diana Glassman sold 2,864 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the sale, the director now owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 7,521 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total value of $86,792.34. Following the completion of the sale, the chief executive officer now owns 7,471,329 shares of the company’s stock, valued at $86,219,136.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diana Glassman sold 2,864 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the completion of the sale, the director now directly owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,264 shares of company stock valued at $1,932,544. 6.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, TD Cowen upped their price objective on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th.

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.