Van ECK Associates Corp cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 5.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,725,573 shares of the oil and gas company's stock after selling 149,948 shares during the period. Van ECK Associates Corp owned approximately 1.85% of Helix Energy Solutions Group worth $23,822,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of HLX. BlackRock Inc. acquired a new stake in Helix Energy Solutions Group in the 2nd quarter worth about $198,670,000. Dimensional Fund Advisors LP boosted 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 purchasing an additional 249,887 shares during the period. State Street Corp grew its position in shares of Helix Energy Solutions Group by 6.3% during the 4th quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company's stock worth $39,272,000 after purchasing an additional 372,115 shares in the last quarter. Invesco Ltd. grew its position 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 purchasing an additional 1,835,536 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Helix Energy Solutions Group by 893.7% during the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company's stock worth $26,409,000 after purchasing an additional 3,620,563 shares during the period. 91.33% of the stock is owned by institutional investors.
Helix Energy Solutions Group Stock Performance
Shares of Helix Energy Solutions Group stock opened at $10.14 on Monday. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12-month low of $6.03 and a 12-month high of $10.75. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 37.56 and a beta of 1.14. The firm's 50-day moving average price is $9.50 and its two-hundred day moving average price is $9.51.
Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The company had revenue of $304.02 million during the quarter, compared to analysts' expectations of $314.56 million. On average, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.
Analysts Set New Price Targets
HLX has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Helix Energy Solutions Group from a "sell (d+)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Wall Street Zen downgraded Helix Energy Solutions Group from a "buy" rating to a "hold" rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $14.00.
View Our Latest Analysis on Helix Energy Solutions Group
Helix Energy Solutions Group Profile
(
Free Report)
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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