Barclays PLC Purchases 223,432 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Barclays PLC lifted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 269.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,482 shares of the oil and gas company's stock after acquiring an additional 223,432 shares during the quarter. Barclays PLC owned approximately 0.20% of Helix Energy Solutions Group worth $3,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in shares of Helix Energy Solutions Group by 2.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 72,100 shares of the oil and gas company's stock valued at $861,000 after purchasing an additional 1,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Helix Energy Solutions Group by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,077,400 shares of the oil and gas company's stock worth $12,864,000 after buying an additional 14,762 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Helix Energy Solutions Group by 2.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,122,153 shares of the oil and gas company's stock valued at $13,399,000 after buying an additional 22,826 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Helix Energy Solutions Group by 87.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company's stock worth $17,783,000 after acquiring an additional 696,395 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Helix Energy Solutions Group in the second quarter worth $11,451,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Wall Street Analysts Forecast Growth

HLX has been the topic of a number of research reports. StockNews.com upgraded Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research report on Wednesday, December 4th. Raymond James started coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a "strong-buy" rating and a $14.00 target price for the company. BTIG Research lowered Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday, October 24th. Finally, TD Cowen decreased their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, October 25th.

Helix Energy Solutions Group Trading Up 1.8 %

Shares of NYSE:HLX traded up $0.16 on Tuesday, reaching $9.26. 697,116 shares of the company traded hands, compared to its average volume of 1,788,457. Helix Energy Solutions Group, Inc. has a 52 week low of $8.81 and a 52 week high of $13.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The business's 50-day simple moving average is $9.99 and its 200 day simple moving average is $10.63. The stock has a market capitalization of $1.41 billion, a P/E ratio of 231.56 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $342.42 million for the quarter, compared to analysts' expectations of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same period in the previous year, the firm earned $0.19 EPS. As a group, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, Director Diana Glassman sold 16,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was 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 owns 26,133 shares in the company, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 484,419 shares of company stock valued at $5,394,094 in the last quarter. Company insiders own 6.37% of the company's stock.

Helix Energy Solutions Group Company 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.