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

Saxon Interests Inc. reduced its position in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Helix Energy Solutions Group by 2.4% during the 2nd 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 during the period. Pacer Advisors Inc. bought a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $81,862,000. State Street Corp increased its holdings in Helix Energy Solutions Group by 3.8% during the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after buying an additional 246,577 shares during the period. Geode Capital Management LLC raised its stake in Helix Energy Solutions Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock worth $36,492,000 after buying an additional 25,432 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Helix Energy Solutions Group by 10.5% during the third quarter. Systematic Financial Management LP now owns 2,480,765 shares of the oil and gas company’s stock worth $27,536,000 after buying an additional 236,222 shares during the period. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Helix Energy Solutions Group news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at $958,714.33. This trade represents a 44.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Diana Glassman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the sale, the director now directly owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This represents a 37.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock worth $2,607,137 over the last quarter. 6.37% of the stock is currently owned by corporate insiders.

Helix Energy Solutions Group Stock Up 1.6 %

Helix Energy Solutions Group stock opened at $9.09 on Friday. Helix Energy Solutions Group, Inc. has a 52 week low of $8.64 and a 52 week high of $13.05. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 227.06 and a beta of 2.46. The business’s 50-day moving average price is $9.82 and its 200 day moving average price is $10.43. 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 posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same period in the previous year, the firm earned $0.19 EPS. As a group, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analysts Set New Price Targets

HLX has been the subject of several recent research reports. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. TD Cowen reduced 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 report on Friday, October 25th. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target on the stock. Finally, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

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.