Principal Financial Group Inc. Decreases Stock Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Principal Financial Group Inc. reduced its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,354,728 shares of the oil and gas company's stock after selling 88,475 shares during the period. Principal Financial Group Inc. owned about 1.55% of Helix Energy Solutions Group worth $19,568,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HLX. Vanguard Group Inc. grew its stake in shares of Helix Energy Solutions Group by 2.5% during the 4th 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 during the period. American Century Companies Inc. boosted its position in shares of Helix Energy Solutions Group by 10.2% in the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock worth $44,056,000 after purchasing an additional 437,814 shares during the period. Encompass Capital Advisors LLC increased its stake in shares of Helix Energy Solutions Group by 66.2% in the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after purchasing an additional 1,634,764 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of 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 worth $30,590,000 after purchasing an additional 396,666 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Helix Energy Solutions Group by 17.1% during the 4th quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock valued at $27,082,000 after purchasing an additional 425,071 shares during the period. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX traded down $0.23 during trading on Monday, hitting $6.33. 1,702,163 shares of the company's stock were exchanged, compared to its average volume of 1,795,693. The business's 50-day simple moving average is $6.59 and its 200 day simple moving average is $7.49. The company has a market cap of $958.43 million, a price-to-earnings ratio of 11.50 and a beta of 1.57. Helix Energy Solutions Group, Inc. has a 52-week low of $5.66 and a 52-week high of $13.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.28 and a quick ratio of 2.28.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. The business had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. As a group, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

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

About Helix Energy Solutions Group

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.