Geode Capital Management LLC Acquires 25,432 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Geode Capital Management LLC increased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,286,917 shares of the oil and gas company’s stock after acquiring an additional 25,432 shares during the quarter. Geode Capital Management LLC owned about 2.16% of Helix Energy Solutions Group worth $36,492,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HLX. Pacer Advisors Inc. bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter valued at $81,862,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Helix Energy Solutions Group in the second quarter valued at about $11,451,000. Principal Financial Group Inc. lifted its position in Helix Energy Solutions Group by 87.8% during the second quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock worth $17,783,000 after purchasing an additional 696,395 shares during the period. American Century Companies Inc. grew its stake in Helix Energy Solutions Group by 24.9% during the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after buying an additional 680,635 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Helix Energy Solutions Group by 111.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 941,394 shares of the oil and gas company’s stock valued at $10,449,000 after buying an additional 496,278 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HLX. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target for the company. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. StockNews.com raised 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 on the stock in a research note on Friday, October 25th.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX opened at $9.26 on Thursday. The firm has a 50 day simple moving average of $9.99 and a 200 day simple moving average of $10.63. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 231.56 and a beta of 2.45. Helix Energy Solutions Group, Inc. has a one year low of $8.81 and a one year high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly 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 period in the prior year, the company earned $0.19 EPS. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the transaction, the chief operating officer now owns 112,634 shares in the company, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $3,557,154.48. Following the completion of the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 484,419 shares of company stock worth $5,394,094. Company insiders own 6.37% of the company’s stock.

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.