Dimensional Fund Advisors LP trimmed its position in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,447,823 shares of the oil and gas company’s stock after selling 52,625 shares during the period. Dimensional Fund Advisors LP owned approximately 8.40% of Helix Energy Solutions Group worth $122,983,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. acquired a new position in Helix Energy Solutions Group during the second quarter worth $100,000. Tower Research Capital LLC TRC raised its stake in shares of Helix Energy Solutions Group by 297.2% in the second quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 11,888 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Helix Energy Solutions Group in the second quarter valued at $167,000. Laurion Capital Management LP acquired a new stake in shares of Helix Energy Solutions Group in the second quarter valued at $189,000. Finally, First Quadrant L P CA acquired a new stake in shares of Helix Energy Solutions Group in the third quarter valued at $200,000. Institutional investors own 92.38% of the company’s stock.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, October 10th. Cowen assumed coverage on Helix Energy Solutions Group in a research note on Saturday, October 13th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, ValuEngine upgraded Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Helix Energy Solutions Group has an average rating of “Buy” and an average target price of $9.65.
Shares of NYSE HLX opened at $7.23 on Friday. The firm has a market capitalization of $1.24 billion, a PE ratio of -48.20 and a beta of 2.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.65 and a current ratio of 2.65. Helix Energy Solutions Group Inc has a 12-month low of $5.44 and a 12-month high of $10.89.
Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. The business had revenue of $212.58 million for the quarter, compared to analysts’ expectations of $203.56 million. Helix Energy Solutions Group had a return on equity of 2.59% and a net margin of 12.48%. During the same period last year, the firm earned $0.02 earnings per share. As a group, analysts anticipate that Helix Energy Solutions Group Inc will post 0.22 earnings per share for the current year.
In related news, COO Scott Andrew Sparks sold 10,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $9.82, for a total value of $98,200.00. Following the transaction, the chief operating officer now owns 196,109 shares of the company’s stock, valued at $1,925,790.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Alisa B. Johnson sold 15,244 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $9.85, for a total value of $150,153.40. Following the completion of the transaction, the vice president now directly owns 285,480 shares in the company, valued at approximately $2,811,978. The disclosure for this sale can be found here. Over the last quarter, insiders sold 852,052 shares of company stock worth $8,287,258. Insiders own 5.85% of the company’s stock.
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About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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