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

Oppenheimer Asset Management Inc. boosted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 32.5% in the third quarter, Holdings Channel.com reports. The firm owned 22,009 shares of the oil and gas company’s stock after purchasing an additional 5,395 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Helix Energy Solutions Group were worth $244,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in Helix Energy Solutions Group by 95.2% during the 1st quarter. Russell Investments Group Ltd. now owns 308,892 shares of the oil and gas company’s stock worth $3,348,000 after acquiring an additional 150,657 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Helix Energy Solutions Group by 74.1% during the 2nd 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 acquiring an additional 985,101 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Helix Energy Solutions Group by 35.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 236,168 shares of the oil and gas company’s stock valued at $2,560,000 after acquiring an additional 61,963 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in Helix Energy Solutions Group during the third quarter worth about $628,000. Finally, Caxton Associates LP raised its stake in shares of Helix Energy Solutions Group by 225.5% in the second quarter. Caxton Associates LP now owns 94,860 shares of the oil and gas company’s stock valued at $1,133,000 after buying an additional 65,720 shares during the period. Institutional investors own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. Raymond James started 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. TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Insider Transactions at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $10.89 on Thursday. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 272.25 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50-day moving average is $10.17 and its 200 day moving average is $10.83.

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 for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period in the previous year, the business earned $0.19 EPS. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

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.