Point72 Asset Management L.P. Decreases Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Point72 Asset Management L.P. reduced its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 82.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,835 shares of the oil and gas company’s stock after selling 1,271,395 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.18% of Helix Energy Solutions Group worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HLX. CoreCommodity Management LLC grew its position in shares of Helix Energy Solutions Group by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company’s stock valued at $1,210,000 after purchasing an additional 1,780 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Helix Energy Solutions Group by 6.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 1,950 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Helix Energy Solutions Group by 2.4% in the fourth quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company’s stock valued at $795,000 after purchasing an additional 1,995 shares in the last quarter. Quarry LP grew its position in shares of Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,902 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $14.00 to $10.00 in a research report on Friday, April 25th.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $6.42 on Wednesday. The stock has a market cap of $972.82 million, a PE ratio of 160.54 and a beta of 1.69. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.66 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 stock has a fifty day moving average of $7.08 and a 200-day moving average of $8.43.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $278.06 million during the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

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.