Guinness Asset Management LTD Sells 45,152 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Guinness Asset Management LTD lowered its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,241 shares of the oil and gas company’s stock after selling 45,152 shares during the quarter. Guinness Asset Management LTD owned approximately 0.20% of Helix Energy Solutions Group worth $2,787,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $198,000. Dimensional Fund Advisors LP boosted 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. Edgestream Partners L.P. purchased a new position in Helix Energy Solutions Group during the second quarter valued at approximately $184,000. Intech Investment Management LLC bought a new position in Helix Energy Solutions Group in the second quarter worth approximately $371,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Helix Energy Solutions Group during the second quarter worth $1,017,000. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Cowen decreased their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Insider Activity

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the transaction, the chief operating officer now directly owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the sale, the director now directly owns 26,133 shares in the company, 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 have sold 269,991 shares of company stock valued at $2,607,137 over the last ninety days. 6.37% of the stock is currently owned by insiders.

Helix Energy Solutions Group Price Performance

Shares of HLX stock opened at $9.11 on Monday. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.64 and a fifty-two week high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 227.71 and a beta of 2.46. The stock’s 50-day simple moving average is $9.80 and its 200-day simple moving average is $10.39.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results 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. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the previous year, the firm earned $0.19 EPS. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

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.