Fmr LLC Buys 50,117 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

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

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

Analyst Ratings Changes

Several equities analysts recently weighed in on HLX shares. Raymond James started coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target for the company. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, TD Cowen reduced their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $9.24 on Friday. Helix Energy Solutions Group, Inc. has a 1-year low of $8.91 and a 1-year high of $13.05. The firm has a market cap of $1.41 billion, a P/E ratio of 231.06 and a beta of 2.45. 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 50-day moving average of $10.19 and a 200-day moving average of $10.71.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The company had revenue of $342.42 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.19 EPS. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Insider Activity at Helix Energy Solutions Group

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

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.