Northern Trust Corp Raises Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Northern Trust Corp increased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,811,814 shares of the oil and gas company's stock after buying an additional 355,852 shares during the period. Northern Trust Corp owned 1.19% of Helix Energy Solutions Group worth $16,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HLX. PNC Financial Services Group Inc. boosted its position in Helix Energy Solutions Group by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock worth $313,000 after purchasing an additional 1,950 shares during the last quarter. MetLife Investment Management LLC boosted its position in Helix Energy Solutions Group by 2.4% in the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after purchasing an additional 1,995 shares during the last quarter. Quarry LP boosted its position in Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,120 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 worth $45,000 after purchasing an additional 2,902 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Helix Energy Solutions Group by 10.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 35,527 shares of the oil and gas company's stock worth $338,000 after purchasing an additional 3,219 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Helix Energy Solutions Group Price Performance

NYSE HLX traded down $0.08 during trading on Friday, reaching $6.54. The company's stock had a trading volume of 1,130,491 shares, compared to its average volume of 1,865,810. The stock has a market capitalization of $991.01 million, a PE ratio of 163.54 and a beta of 1.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The firm has a fifty day moving average of $7.14 and a 200 day moving average of $8.47. Helix Energy Solutions Group, Inc. has a one year low of $5.66 and a one year high of $13.05.

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

Wall Street Analyst Weigh In

Separately, Raymond James cut Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $14.00 to $10.00 in a research report 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.