Geode Capital Management LLC Acquires 25,432 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Geode Capital Management LLC increased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,286,917 shares of the oil and gas company’s stock after purchasing an additional 25,432 shares during the period. Geode Capital Management LLC’s holdings in Helix Energy Solutions Group were worth $36,492,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HLX. Assetmark Inc. bought a new stake in Helix Energy Solutions Group in the third quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $45,000. Millburn Ridgefield Corp bought a new stake in Helix Energy Solutions Group in the 3rd quarter valued at about $61,000. GAMMA Investing LLC raised its stake in Helix Energy Solutions Group by 21.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock worth $86,000 after buying an additional 1,343 shares during the period. Finally, Paloma Partners Management Co bought a new position in Helix Energy Solutions Group in the third quarter worth approximately $130,000. 91.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLX has been the subject of several recent research reports. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. 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. TD Cowen dropped their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price for the company.

Helix Energy Solutions Group Trading Up 1.8 %

Shares of Helix Energy Solutions Group stock opened at $9.26 on Thursday. The company has a market capitalization of $1.41 billion, a P/E ratio of 231.56 and a beta of 2.45. The stock has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $10.63. Helix Energy Solutions Group, Inc. has a 12-month low of $8.81 and a 12-month high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate 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 company had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 484,419 shares of company stock worth $5,394,094. 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.