Barclays PLC Buys 223,432 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Barclays PLC grew its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 269.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 306,482 shares of the oil and gas company’s stock after acquiring an additional 223,432 shares during the period. Barclays PLC owned about 0.20% of Helix Energy Solutions Group worth $3,402,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after purchasing an additional 254,880 shares during the period. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group during the 2nd quarter worth $81,862,000. State Street Corp increased its holdings in Helix Energy Solutions Group by 3.8% in the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after acquiring an additional 246,577 shares during the last quarter. American Century Companies Inc. raised its stake in Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock valued at $40,756,000 after acquiring an additional 680,635 shares during the period. Finally, Systematic Financial Management LP lifted its holdings in Helix Energy Solutions Group by 10.5% during the third quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock valued at $27,536,000 after purchasing an additional 236,222 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $9.10 on Tuesday. Helix Energy Solutions Group, Inc. has a 1-year low of $8.81 and a 1-year high of $13.05. 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 market capitalization of $1.38 billion, a PE ratio of 227.56 and a beta of 2.45. The firm’s 50 day simple moving average is $10.01 and its 200 day simple moving average is $10.63.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same quarter in the prior year, the firm posted $0.19 earnings per share. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HLX has been the subject of several recent research reports. TD Cowen lowered their price target on shares of 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. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Raymond James began coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target for the company.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the transaction, the director now directly owns 26,133 shares in the company, valued at approximately $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now owns 112,634 shares in the company, valued at $1,111,697.58. The trade was a 60.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 484,419 shares of company stock valued at $5,394,094 in the last 90 days. Corporate insiders own 6.37% of the company’s stock.

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.