Helix Energy Solutions Group, Inc. (NYSE:HLX) Stake Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,241 shares of the oil and gas company’s stock after selling 6,724 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Helix Energy Solutions Group were worth $1,246,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HLX. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group in the second quarter worth $81,862,000. Assenagon Asset Management S.A. grew its position in Helix Energy Solutions Group by 74.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock valued at $27,640,000 after buying an additional 985,101 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $11,451,000. Principal Financial Group Inc. raised its position in shares of Helix Energy Solutions Group by 87.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock worth $17,783,000 after buying an additional 696,395 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after acquiring an additional 680,635 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLX has been the topic of a number of research analyst reports. TD Cowen lowered 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. 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 target on the stock. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th.

Helix Energy Solutions Group Trading Down 1.0 %

Helix Energy Solutions Group stock opened at $10.69 on Monday. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 267.32 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a 1 year low of $8.82 and a 1 year high of $13.05. The firm’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $10.80. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. During the same period in the previous year, the firm posted $0.19 EPS. On average, research analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. The trade was a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.37% of the company’s stock.

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.