Dimensional Fund Advisors LP Raises Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Dimensional Fund Advisors LP boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,018,797 shares of the oil and gas company’s stock after purchasing an additional 254,880 shares during the period. Dimensional Fund Advisors LP owned approximately 7.23% of Helix Energy Solutions Group worth $131,559,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Helix Energy Solutions Group by 95.2% in the 1st quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock valued at $3,348,000 after acquiring an additional 150,657 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after acquiring an additional 985,101 shares during the period. ARGA Investment Management LP purchased a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at approximately $861,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Helix Energy Solutions Group by 35.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after acquiring an additional 61,963 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Helix Energy Solutions Group by 14.2% in the 1st quarter. First Eagle Investment Management LLC now owns 325,758 shares of the oil and gas company’s stock valued at $3,531,000 after acquiring an additional 40,500 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 0.6 %

Shares of HLX stock opened at $10.33 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.08 and a current ratio of 2.08. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.82 and a fifty-two week high of $13.05. The stock has a market capitalization of $1.57 billion, a P/E ratio of -49.19 and a beta of 2.42. The company has a 50 day moving average price of $10.90 and a 200 day moving average price of $11.00.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $364.80 million during the quarter, compared to analysts’ expectations of $353.19 million. During the same quarter in the previous year, the business posted $0.11 EPS.

Analysts Set New Price Targets

HLX has been the topic of a number of research analyst reports. Raymond James initiated coverage on shares of Helix Energy Solutions Group in a research note on Thursday. They issued a “strong-buy” rating and a $14.00 price target on the stock. TD Cowen lifted 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 report on Tuesday, June 25th.

About Helix Energy Solutions Group

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.