Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Purchased by State Street Corp

State Street Corp boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 3.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 6,664,257 shares of the oil and gas company’s stock after acquiring an additional 246,577 shares during the quarter. State Street Corp owned about 4.38% of Helix Energy Solutions Group worth $73,973,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Helix Energy Solutions Group during the second quarter worth about $411,000. Louisiana State Employees Retirement System boosted its holdings in shares of Helix Energy Solutions Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,100 shares of the oil and gas company’s stock valued at $861,000 after acquiring an additional 1,900 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Helix Energy Solutions Group by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 1,077,400 shares of the oil and gas company’s stock worth $12,864,000 after acquiring an additional 14,762 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of Helix Energy Solutions Group by 2.1% during the second quarter. Panagora Asset Management Inc. now owns 1,122,153 shares of the oil and gas company’s stock worth $13,399,000 after purchasing an additional 22,826 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Helix Energy Solutions Group by 87.8% during the second quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock valued at $17,783,000 after purchasing an additional 696,395 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Insider Transactions at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 16,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the transaction, the director now owns 26,133 shares in the company, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a 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 transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at $1,111,697.58. This trade represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 484,419 shares of company stock valued at $5,394,094. Corporate insiders own 6.37% of the company’s stock.

Wall Street Analyst Weigh In

HLX has been the topic of several analyst reports. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. TD Cowen reduced their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Raymond James initiated 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 price objective for the company.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $9.20 on Wednesday. The stock has a 50 day moving average of $10.16 and a two-hundred day moving average of $10.69. Helix Energy Solutions Group, Inc. has a 12 month low of $8.91 and a 12 month high of $13.05. The firm has a market cap of $1.40 billion, a P/E ratio of 229.75 and a beta of 2.45. 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 posted its quarterly earnings data 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 return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same period in the prior year, the company earned $0.19 EPS. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal 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.