Saxon Interests Inc. Sells 1,204 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Saxon Interests Inc. cut its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,792 shares of the oil and gas company’s stock after selling 1,204 shares during the quarter. Saxon Interests Inc.’s holdings in Helix Energy Solutions Group were worth $157,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HLX. Dimensional Fund Advisors LP increased its stake in shares of 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 valued at $131,559,000 after purchasing an additional 254,880 shares in the last quarter. Pacer Advisors Inc. purchased a new position in Helix Energy Solutions Group during the second quarter valued at $81,862,000. State Street Corp boosted its holdings in Helix Energy Solutions Group by 3.8% in the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock worth $73,973,000 after acquiring an additional 246,577 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Helix Energy Solutions Group by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock valued at $36,492,000 after acquiring an additional 25,432 shares in the last quarter. Finally, Systematic Financial Management LP raised its position in shares of Helix Energy Solutions Group by 10.5% in the 3rd quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock worth $27,536,000 after purchasing an additional 236,222 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Up 1.6 %

Shares of HLX stock opened at $9.09 on Friday. The company’s fifty day simple moving average is $9.82 and its two-hundred day simple moving average is $10.43. Helix Energy Solutions Group, Inc. has a 52 week low of $8.64 and a 52 week high of $13.05. The stock has a market cap of $1.38 billion, a P/E ratio of 227.06 and a beta of 2.46. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same period in the previous year, the firm posted $0.19 earnings per share. Analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $9.17, for a total value of $770,197.47. Following the sale, the executive vice president now directly owns 104,549 shares in the company, valued at approximately $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Diana Glassman sold 16,000 shares of the firm’s stock in a transaction dated 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 directly owns 26,133 shares in the company, valued at $259,762.02. This represents a 37.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,991 shares of company stock worth $2,607,137 over the last quarter. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group 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.