JPMorgan Chase & Co. Decreases Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

JPMorgan Chase & Co. trimmed its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 610,379 shares of the oil and gas company’s stock after selling 122,152 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Helix Energy Solutions Group worth $6,775,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Helix Energy Solutions Group in the second quarter worth approximately $45,000. Millburn Ridgefield Corp acquired a new position in Helix Energy Solutions Group during the 3rd quarter worth approximately $61,000. GAMMA Investing LLC increased its position in shares of Helix Energy Solutions Group by 21.1% in the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at $130,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HLX shares. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. 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 objective for the company. TD Cowen cut their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $8.95 on Thursday. The company has a fifty day moving average of $9.85 and a two-hundred day moving average of $10.44. 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, Inc. has a 1 year low of $8.64 and a 1 year high of $13.05. The company has a market capitalization of $1.36 billion, a PE ratio of 223.81 and a beta of 2.46.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The firm 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 firm earned $0.19 EPS. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insider Transactions at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the transaction, the chief operating officer now owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the 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 sale, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company’s stock.

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.