Dimensional Fund Advisors LP Sells 147,941 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Dimensional Fund Advisors LP cut its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,759,693 shares of the oil and gas company's stock after selling 147,941 shares during the quarter. Dimensional Fund Advisors LP owned 7.07% of Helix Energy Solutions Group worth $100,279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in shares of Helix Energy Solutions Group by 143.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,902 shares during the period. KBC Group NV raised its stake in Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 3,491 shares during the period. Vontobel Holding Ltd. purchased a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at $93,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth $99,000. Finally, Inceptionr LLC acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter worth $113,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Raymond James downgraded Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $14.00 to $10.00 in a research note on Friday, April 25th.

Helix Energy Solutions Group Stock Up 2.1 %

Shares of NYSE:HLX traded up $0.13 during trading on Thursday, reaching $6.22. 799,126 shares of the company traded hands, compared to its average volume of 1,820,295. The firm has a fifty day simple moving average of $7.50 and a 200 day simple moving average of $8.74. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05. The firm has a market cap of $941.76 million, a P/E ratio of 155.94 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $278.06 million during the quarter, compared to analysts' expectations of $285.06 million. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share 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.