Northern Trust Corp Sells 105,914 Shares of Helix Energy Solutions Group, Inc. $HLX

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 holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,705,900 shares of the oil and gas company's stock after selling 105,914 shares during the quarter. Northern Trust Corp owned about 1.13% of Helix Energy Solutions Group worth $14,176,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in Helix Energy Solutions Group during the fourth quarter worth about $34,000. CWM LLC grew its position in Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after buying an additional 4,688 shares in the last quarter. Cresset Asset Management LLC purchased a new position in Helix Energy Solutions Group during the first quarter worth about $91,000. Quantinno Capital Management LP purchased a new stake in Helix Energy Solutions Group during the fourth quarter valued at about $110,000. Finally, Caxton Associates LP purchased a new stake in Helix Energy Solutions Group during the fourth quarter valued at about $132,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Trading Up 0.9%

Shares of HLX traded up $0.06 during trading hours on Tuesday, hitting $6.28. The company had a trading volume of 153,732 shares, compared to its average volume of 1,755,584. The firm has a market cap of $922.34 million, a P/E ratio of 19.60 and a beta of 1.65. The stock's 50 day moving average price is $6.25 and its 200 day moving average price is $6.79. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $12.33.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on HLX. Raymond James Financial restated an "outperform" rating and set a $9.00 price target (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Wall Street Zen downgraded Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Helix Energy Solutions Group currently has an average rating of "Moderate Buy" and an average target price 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.