Bank of New York Mellon Corp Cuts Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Bank of New York Mellon Corp cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 915,058 shares of the oil and gas company’s stock after selling 29,622 shares during the quarter. Bank of New York Mellon Corp owned 0.60% of Helix Energy Solutions Group worth $8,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Assetmark Inc. bought a new stake in Helix Energy Solutions Group in the third quarter worth $33,000. KBC Group NV lifted its position in Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after buying an additional 3,491 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Helix Energy Solutions Group by 32.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 22,009 shares of the oil and gas company’s stock worth $244,000 after buying an additional 5,395 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in Helix Energy Solutions Group in the third quarter worth $61,000. Finally, Empowered Funds LLC lifted its position in Helix Energy Solutions Group by 5.3% in the third quarter. Empowered Funds LLC now owns 119,048 shares of the oil and gas company’s stock worth $1,321,000 after buying an additional 6,030 shares during the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Helix Energy Solutions Group news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the sale, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at $958,714.33. This trade represents a 44.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Trading Up 0.4 %

Helix Energy Solutions Group stock opened at $7.91 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 52 week low of $7.56 and a 52 week high of $13.05. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 197.67 and a beta of 2.41. The stock has a 50-day moving average price of $8.40 and a 200 day moving average price of $9.53.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. Sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.