Deutsche Bank AG Takes $1.31 Million Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Deutsche Bank acquired 150,145 shares of Helix Energy Solutions Group during the second quarter, valued at approximately $1.31 million and representing 0.10% of the company.
• Institutional investors own 91.33% of HLX, with Dimensional Fund Advisors, State Street, Invesco, Millennium Management, and Geode Capital among the largest holders.
• Analysts maintain an overall “Hold” rating with a $14 average price target. Helix recently reported quarterly EPS of $0.10, exceeding estimates of $0.08, while revenue of $304.02 million fell short of expectations.

Deutsche Bank AG purchased a new position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,145 shares of the oil and gas company's stock, valued at approximately $1,312,000. Deutsche Bank AG owned 0.10% of Helix Energy Solutions Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Helix Energy Solutions Group by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company's stock valued at $88,611,000 after buying an additional 249,887 shares during the period. State Street Corp raised its position in shares of Helix Energy Solutions Group by 6.3% in the 4th quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company's stock valued at $39,272,000 after buying an additional 372,115 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Helix Energy Solutions Group by 58.6% during the 4th quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company's stock worth $31,150,000 after acquiring an additional 1,835,536 shares during the period. Millennium Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 893.7% during the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company's stock worth $26,409,000 after acquiring an additional 3,620,563 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Helix Energy Solutions Group by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 3,278,916 shares of the oil and gas company's stock worth $20,561,000 after acquiring an additional 14,354 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HLX. Wall Street Zen cut Helix Energy Solutions Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Helix Energy Solutions Group presently has an average rating of "Hold" and an average price target of $14.00.

Helix Energy Solutions Group Stock Up 0.2%

Shares of NYSE HLX opened at $10.14 on Friday. The company has a 50 day simple moving average of $9.50 and a 200 day simple moving average of $9.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Helix Energy Solutions Group, Inc. has a 1 year low of $6.03 and a 1 year high of $10.75. The firm has a market cap of $1.49 billion, a PE ratio of 37.56 and a beta of 1.14.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The firm had revenue of $304.02 million for the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc NYSE: HLX is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.

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