Oppenheimer Asset Management Inc. Acquires 5,395 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 32.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,009 shares of the oil and gas company’s stock after acquiring an additional 5,395 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Helix Energy Solutions Group were worth $244,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. bought a new position in Helix Energy Solutions Group during the second quarter worth about $81,862,000. Assenagon Asset Management S.A. grew its position 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 valued at $27,640,000 after acquiring an additional 985,101 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Helix Energy Solutions Group during the second quarter valued at $11,451,000. Principal Financial Group Inc. lifted its holdings 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 valued at $17,783,000 after acquiring an additional 696,395 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of 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 purchasing an additional 680,635 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.37% of the stock is owned by company insiders.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $10.89 on Thursday. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The stock has a 50-day moving average of $10.17 and a 200-day moving average of $10.83. The stock has a market cap of $1.66 billion, a PE ratio of 272.25 and a beta of 2.43. 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 data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $342.42 million for the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. As a group, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on HLX. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. TD Cowen cut their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Raymond James initiated coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock. Finally, BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

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.