Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 47.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214,374 shares of the oil and gas company's stock after selling 195,706 shares during the quarter. Bank of America Corp DE owned 0.14% of Helix Energy Solutions Group worth $1,998,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLX. Principal Financial Group Inc. grew its position in Helix Energy Solutions Group by 18.3% in the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company's stock valued at $22,771,000 after acquiring an additional 378,394 shares in the last quarter. Forge First Asset Management Inc. acquired a new stake in Helix Energy Solutions Group in the fourth quarter valued at approximately $5,565,000. Wellington Management Group LLP grew its position in Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock valued at $30,590,000 after acquiring an additional 396,666 shares in the last quarter. Amundi grew its position in Helix Energy Solutions Group by 191.9% in the fourth quarter. Amundi now owns 89,714 shares of the oil and gas company's stock valued at $812,000 after acquiring an additional 58,976 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after acquiring an additional 343,673 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Up 1.4%

Shares of HLX stock traded up $0.09 during mid-day trading on Friday, reaching $6.61. 700,688 shares of the company were exchanged, compared to its average volume of 1,850,725. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 and a fifty-two week 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 has a market capitalization of $1.00 billion, a P/E ratio of 165.29 and a beta of 1.60. The business's 50 day simple moving average is $6.52 and its 200 day simple moving average is $8.10.

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

Wall Street Analysts Forecast Growth

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

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.