Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,885,536 shares of the oil and gas company’s stock after selling 311,414 shares during the period. Wellington Management Group LLP’s holdings in Helix Energy Solutions Group were worth $32,029,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Helix Energy Solutions Group by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after buying an additional 254,880 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at $81,862,000. State Street Corp raised its position in Helix Energy Solutions Group by 3.8% in the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after purchasing an additional 246,577 shares during the last quarter. American Century Companies Inc. grew its position in Helix Energy Solutions Group by 24.9% during the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after purchasing an additional 680,635 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in Helix Energy Solutions Group by 10.5% in the third quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock valued at $27,536,000 after purchasing an additional 236,222 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

HLX has been the subject of several analyst reports. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. TD Cowen lowered their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Raymond James started coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company.

Insider Buying and Selling

In related news, CEO Owen E. Kratz sold 298,419 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. The trade was a 3.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the sale, the director now directly owns 26,133 shares in the company, valued at approximately $259,762.02. The trade was a 37.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 484,419 shares of company stock valued at $5,394,094. Corporate insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX stock opened at $9.63 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 12-month low of $8.91 and a 12-month high of $13.05. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 240.75 and a beta of 2.45. The stock has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $10.73.

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

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.