Vanguard Group Inc. Lowers Holdings in Helix Energy Solutions Group, Inc. $HLX

Vanguard Group Inc. decreased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,070,701 shares of the oil and gas company’s stock after selling 243,226 shares during the period. Vanguard Group Inc. owned 8.89% of Helix Energy Solutions Group worth $81,953,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Helix Energy Solutions Group by 109.8% during the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after buying an additional 2,514,402 shares during the period. Acuitas Investments LLC increased its position in shares of Helix Energy Solutions Group by 63.8% in the 3rd quarter. Acuitas Investments LLC now owns 681,610 shares of the oil and gas company’s stock valued at $4,471,000 after acquiring an additional 265,604 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at $799,000. American Century Companies Inc. boosted its holdings in Helix Energy Solutions Group by 4.5% in the third quarter. American Century Companies Inc. now owns 5,399,153 shares of the oil and gas company’s stock valued at $35,418,000 after purchasing an additional 230,668 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Helix Energy Solutions Group by 45.3% in the third quarter. First Eagle Investment Management LLC now owns 529,358 shares of the oil and gas company’s stock valued at $3,473,000 after purchasing an additional 165,100 shares during the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

HLX has been the topic of several recent research reports. TD Cowen upped their price target on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings cut Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $11.50.

Helix Energy Solutions Group Stock Up 2.3%

HLX stock opened at $10.14 on Thursday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 101.35 and a beta of 1.16. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12 month low of $5.52 and a 12 month high of $10.75. The firm has a 50-day moving average of $9.60 and a two-hundred day moving average of $8.11.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, April 22nd. The oil and gas company reported ($0.09) EPS for the quarter, meeting analysts’ consensus estimates of ($0.09). The company had revenue of $287.95 million during the quarter, compared to the consensus estimate of $260.89 million. Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The company’s revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.33 earnings per share for the current fiscal year.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.