Prudential Financial Inc. Trims Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Prudential Financial Inc. reduced its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,465 shares of the oil and gas company’s stock after selling 2,250 shares during the quarter. Prudential Financial Inc. owned about 0.10% of Helix Energy Solutions Group worth $1,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC grew its position in Helix Energy Solutions Group by 143.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 2,902 shares during the last quarter. KBC Group NV grew its holdings in shares of Helix Energy Solutions Group by 61.8% during 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. Vontobel Holding Ltd. acquired a new position in Helix Energy Solutions Group in the 4th quarter valued at about $93,000. Inceptionr LLC acquired a new position in Helix Energy Solutions Group in the 4th quarter valued at about $113,000. Finally, Xponance Inc. purchased a new stake in Helix Energy Solutions Group during the 4th quarter valued at approximately $114,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 10.9 %

Shares of HLX stock opened at $6.72 on Friday. The company has a market capitalization of $1.01 billion, a P/E ratio of 168.04 and a beta of 2.41. 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 business’s 50 day moving average is $8.18 and its two-hundred day moving average is $9.30. Helix Energy Solutions Group, Inc. has a twelve month low of $6.63 and a twelve month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

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.