Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,241 shares of the oil and gas company’s stock after selling 6,724 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Helix Energy Solutions Group worth $1,246,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Assetmark Inc. acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Helix Energy Solutions Group during the second quarter worth approximately $45,000. GAMMA Investing LLC increased its position in shares of Helix Energy Solutions Group by 24.0% in the second quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after acquiring an additional 1,236 shares in the last quarter. CWM LLC raised its stake in shares of Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 850 shares during the period. Finally, Entropy Technologies LP acquired a new position in shares of Helix Energy Solutions Group during the 3rd quarter valued at $157,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

NYSE:HLX opened at $10.69 on Monday. Helix Energy Solutions Group, Inc. has a 1-year low of $8.82 and a 1-year high of $13.05. The stock has a market cap of $1.63 billion, a P/E ratio of 267.32 and a beta of 2.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a 50-day moving average of $10.32 and a two-hundred day moving average of $10.80.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same quarter last year, the firm earned $0.19 EPS. On average, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. The trade was a 3.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HLX has been the topic of several research reports. TD Cowen cut their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Raymond James assumed coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price on the stock. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 26th.

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.