Wellington Management Group LLP Acquires 396,666 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Wellington Management Group LLP boosted its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,282,202 shares of the oil and gas company's stock after acquiring an additional 396,666 shares during the period. Wellington Management Group LLP owned 2.17% of Helix Energy Solutions Group worth $30,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at about $34,000. Smartleaf Asset Management LLC lifted its holdings in Helix Energy Solutions Group by 143.1% in 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 buying an additional 2,902 shares during the period. Quarry LP lifted its stake in shares of Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,120 shares during the period. KBC Group NV lifted its stake in shares of Helix Energy Solutions Group by 61.8% in 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. Finally, Vontobel Holding Ltd. acquired a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at $93,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Trading Down 3.3%

Helix Energy Solutions Group stock traded down $0.22 during mid-day trading on Wednesday, hitting $6.49. 409,297 shares of the company's stock were exchanged, compared to its average volume of 1,849,340. The firm has a market capitalization of $983.43 million, a P/E ratio of 162.29 and a beta of 1.69. 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 quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The company's 50 day simple moving average is $6.63 and its 200-day simple moving average is $8.16.

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

Analysts Set New Price Targets

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

Helix Energy Solutions Group Company 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.