Orion Portfolio Solutions LLC Sells 2,037 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Orion Portfolio Solutions LLC lessened its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 114,426 shares of the oil and gas company’s stock after selling 2,037 shares during the period. Orion Portfolio Solutions LLC owned approximately 0.08% of Helix Energy Solutions Group worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLX. CWM LLC grew its stake in Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares in the last quarter. SG Americas Securities LLC purchased a new position in Helix Energy Solutions Group in the 2nd quarter worth approximately $411,000. Louisiana State Employees Retirement System grew its stake in Helix Energy Solutions Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,100 shares of the oil and gas company’s stock worth $861,000 after buying an additional 1,900 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Helix Energy Solutions Group by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,077,400 shares of the oil and gas company’s stock worth $12,864,000 after buying an additional 14,762 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Helix Energy Solutions Group by 2.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,122,153 shares of the oil and gas company’s stock worth $13,399,000 after buying an additional 22,826 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 4.0 %

Shares of HLX opened at $9.24 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 231.06 and a beta of 2.45. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $10.71. Helix Energy Solutions Group, Inc. has a twelve month low of $8.91 and a twelve month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same quarter in the prior year, the company posted $0.19 EPS. On average, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the transaction, the director now owns 26,133 shares of the company’s stock, valued at $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 484,419 shares of company stock valued at $5,394,094 in the last quarter. Company insiders own 6.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HLX. TD Cowen cut their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, Raymond James began coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company.

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.