Helix Energy Solutions Group, Inc. $HLX Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Helix Energy Solutions Group, Inc. by 5.8%, owning 1.13% of the company after selling 105,914 shares in the first quarter.
• Helix Energy Solutions reported a net loss of ($0.02) EPS, missing analysts' expectations, with revenue of $302.29 million compared to an expected $326.62 million.
• Research firms have varied opinions on Helix Energy Solutions, with Raymond James setting a price target of $9.00 and Wall Street Zen downgrading the stock to a sell rating.

Northern Trust Corp trimmed its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,705,900 shares of the oil and gas company's stock after selling 105,914 shares during the period. Northern Trust Corp owned about 1.13% of Helix Energy Solutions Group worth $14,176,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HLX. Sunbelt Securities Inc. purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $34,000. CWM LLC raised its stake in shares of Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock valued at $89,000 after acquiring an additional 4,688 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of Helix Energy Solutions Group in the 1st quarter valued at approximately $91,000. Quantinno Capital Management LP purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $110,000. Finally, Caxton Associates LP purchased a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $132,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Down 0.7%

Shares of NYSE:HLX opened at $6.49 on Thursday. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The company's 50 day moving average is $6.25 and its two-hundred day moving average is $6.84. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 0.19. The company has a market cap of $953.23 million, a PE ratio of 20.27 and a beta of 1.65.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HLX. Raymond James Financial reissued an "outperform" rating and issued a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Helix Energy Solutions Group presently has an average rating of "Moderate Buy" and an average price target of $12.00.

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.

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