Helix Energy Solutions Group, Inc. $HLX Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 100.1% during the second quarter, Holdings Channel reports. The firm owned 92,000 shares of the oil and gas company’s stock after acquiring an additional 46,028 shares during the period. Teacher Retirement System of Texas’ holdings in Helix Energy Solutions Group were worth $574,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of HLX. Vanguard Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 1.5% during the first quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock worth $118,482,000 after purchasing an additional 208,288 shares during the period. Encompass Capital Advisors LLC raised its position in Helix Energy Solutions Group by 24.3% during the 1st quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company’s stock worth $42,376,000 after buying an additional 996,088 shares during the last quarter. American Century Companies Inc. lifted its stake in Helix Energy Solutions Group by 6.4% during the 1st quarter. American Century Companies Inc. now owns 5,030,111 shares of the oil and gas company’s stock valued at $41,800,000 after acquiring an additional 303,074 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Helix Energy Solutions Group by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 3,368,295 shares of the oil and gas company’s stock valued at $27,991,000 after acquiring an additional 86,093 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Helix Energy Solutions Group by 1.6% in the first quarter. Systematic Financial Management LP now owns 2,951,818 shares of the oil and gas company’s stock worth $24,530,000 after acquiring an additional 45,982 shares during the period. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on HLX. TD Cowen upped their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, October 24th. Weiss Ratings upgraded Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 30th. Raymond James Financial reaffirmed an “outperform” rating and set a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Zacks Research downgraded Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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 that occurred on Monday, November 3rd. The stock was sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the sale, the chief operating officer directly owned 301,042 shares in the company, valued at approximately $2,071,168.96. The trade was a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

Helix Energy Solutions Group Price Performance

Shares of NYSE HLX opened at $6.50 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. The firm has a fifty day moving average of $6.53 and a 200 day moving average of $6.44. The firm has a market cap of $955.29 million, a PE ratio of 23.20 and a beta of 1.55. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $11.48.

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