Insider Selling: Helix Energy Solutions Group, Inc. (NYSE:HLX) CEO Sells 7,521 Shares of Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) CEO Owen E. Kratz sold 7,521 shares of Helix Energy Solutions Group stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total value of $86,792.34. Following the completion of the transaction, the chief executive officer now owns 7,471,329 shares in the company, valued at approximately $86,219,136.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Helix Energy Solutions Group Price Performance

Shares of HLX traded down $0.35 during midday trading on Wednesday, hitting $11.42. The company's stock had a trading volume of 967,822 shares, compared to its average volume of 1,676,830. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -54.90 and a beta of 2.50. Helix Energy Solutions Group, Inc. has a one year low of $6.18 and a one year high of $12.14. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The company's fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $10.14.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). The firm had revenue of $296.21 million for the quarter, compared to the consensus estimate of $303.00 million. Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. As a group, equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HLX. Vanguard Group Inc. grew its position in shares of Helix Energy Solutions Group by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company's stock valued at $144,897,000 after buying an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Helix Energy Solutions Group by 4.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company's stock valued at $112,118,000 after buying an additional 489,105 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Helix Energy Solutions Group by 99.9% in the 4th quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company's stock valued at $31,947,000 after buying an additional 1,552,693 shares during the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Helix Energy Solutions Group by 33,636.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company's stock valued at $19,557,000 after buying an additional 1,896,753 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Helix Energy Solutions Group by 0.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,720,717 shares of the oil and gas company's stock valued at $17,689,000 after buying an additional 15,952 shares during the last quarter. Institutional investors own 91.33% of the company's stock.

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.

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