Helix Energy Solutions Group, Inc. (NYSE:HLX) CEO Owen E. Kratz Sells 141,879 Shares

Helix Energy Solutions Group, Inc. (NYSE:HLX) CEO Owen E. Kratz sold 141,879 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $11.83, for a total value of $1,678,428.57. Following the transaction, the chief executive officer now directly owns 7,643,646 shares in the company, valued at approximately $90,424,332.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Helix Energy Solutions Group Stock Performance

NYSE:HLX traded down $0.35 during trading hours on Wednesday, reaching $11.42. 967,822 shares of the stock were exchanged, compared to its average volume of 1,676,830. 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 firm has a 50 day simple moving average of $11.08 and a 200-day simple moving average of $10.14. Helix Energy Solutions Group, Inc. has a 52 week low of $6.18 and a 52 week high of $12.14. The stock has a market capitalization of $1.74 billion, a P/E ratio of -54.90 and a beta of 2.50.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results 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 company had revenue of $296.21 million for the quarter, compared to analyst estimates 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, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in shares of Helix Energy Solutions Group during the 4th quarter worth approximately $44,000. Pineridge Advisors LLC acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at approximately $54,000. Lindbrook Capital LLC increased its position in Helix Energy Solutions Group by 1,037.6% in the 1st quarter. Lindbrook Capital LLC now owns 5,563 shares of the oil and gas company’s stock valued at $60,000 after acquiring an additional 5,074 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at approximately $114,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at approximately $117,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.