Savant Capital LLC Takes Position in Helix Energy Solutions Group, Inc. $HLX

Savant Capital LLC acquired a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 2nd quarter, Holdings Channel reports. The fund acquired 41,503 shares of the oil and gas company’s stock, valued at approximately $259,000.

A number of other institutional investors have also recently bought and sold shares of HLX. Teacher Retirement System of Texas raised its holdings in Helix Energy Solutions Group by 100.1% in the second quarter. Teacher Retirement System of Texas now owns 92,000 shares of the oil and gas company’s stock worth $574,000 after purchasing an additional 46,028 shares during the period. Bessemer Group Inc. raised its stake in Helix Energy Solutions Group by 243.4% during the 2nd quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after buying an additional 3,576 shares during the period. MQS Management LLC lifted its holdings in Helix Energy Solutions Group by 59.5% during the second quarter. MQS Management LLC now owns 40,876 shares of the oil and gas company’s stock worth $255,000 after acquiring an additional 15,248 shares in the last quarter. AlphaQuest LLC grew its stake in Helix Energy Solutions Group by 49.3% in the second quarter. AlphaQuest LLC now owns 8,877 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 2,930 shares during the period. Finally, CWM LLC grew its stake in Helix Energy Solutions Group by 151.9% in the second quarter. CWM LLC now owns 26,947 shares of the oil and gas company’s stock valued at $168,000 after acquiring an additional 16,248 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Up 1.6%

NYSE:HLX opened at $6.53 on Wednesday. Helix Energy Solutions Group, Inc. has a twelve month low of $5.52 and a twelve month high of $11.48. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $6.56 and a two-hundred day moving average price of $6.46. The company has a market cap of $959.70 million, a P/E ratio of 23.30 and a beta of 1.55.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The company had revenue of $376.96 million for the quarter, compared to the consensus estimate of $361.93 million. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Analysts Set New Price Targets

HLX has been the topic of several recent analyst reports. Zacks Research cut Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. TD Cowen raised their target price on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Weiss Ratings raised shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.50.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $6.88, for a total transaction of $275,200.00. Following the sale, the chief operating officer directly owned 301,042 shares of the company’s stock, valued at $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.60% of the company’s stock.

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.