US Bancorp DE Sells 2,419 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

US Bancorp DE cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,093 shares of the oil and gas company’s stock after selling 2,419 shares during the quarter. US Bancorp DE’s holdings in Helix Energy Solutions Group were worth $439,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. acquired a new position in shares of Helix Energy Solutions Group during the third quarter valued at about $33,000. Millburn Ridgefield Corp acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $61,000. KBC Group NV lifted its position in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 3,491 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Helix Energy Solutions Group during the 4th quarter valued at approximately $93,000. Finally, Paloma Partners Management Co purchased a new position in Helix Energy Solutions Group in the 3rd quarter valued at $130,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.37% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $7.95 on Thursday. The stock has a 50-day moving average of $8.47 and a two-hundred day moving average of $9.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $1.20 billion, a P/E ratio of 198.67 and a beta of 2.41. Helix Energy Solutions Group, Inc. has a 1-year low of $7.56 and a 1-year high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The firm had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. As a group, analysts anticipate 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.