Texas Permanent School Fund Corp Boosts Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Texas Permanent School Fund Corp boosted its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 18.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 146,429 shares of the oil and gas company’s stock after buying an additional 22,442 shares during the period. Texas Permanent School Fund Corp owned 0.10% of Helix Energy Solutions Group worth $1,748,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Helix Energy Solutions Group by 1.2% in the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock worth $144,897,000 after acquiring an additional 152,413 shares in the last quarter. Wellington Management Group LLP raised its stake in Helix Energy Solutions Group by 99.9% in the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company’s stock worth $31,947,000 after buying an additional 1,552,693 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Helix Energy Solutions Group by 74.1% in the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after buying an additional 985,101 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Helix Energy Solutions Group by 33,636.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company’s stock worth $19,557,000 after purchasing an additional 1,896,753 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of 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 in the last quarter. 91.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TD Cowen upped their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, June 25th.

Helix Energy Solutions Group Stock Down 1.7 %

HLX stock opened at $9.85 on Thursday. The company has a market cap of $1.50 billion, a P/E ratio of -46.88 and a beta of 2.42. Helix Energy Solutions Group, Inc. has a 52 week low of $8.82 and a 52 week high of $13.05. The company’s 50-day moving average price is $10.97 and its 200 day moving average price is $10.98. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.21.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive return on equity of 4.35%. The company had revenue of $364.80 million during the quarter, compared to the consensus estimate of $353.19 million. During the same period in the previous year, the firm earned $0.11 earnings per share.

About Helix Energy Solutions Group

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.