Dimensional Fund Advisors LP Decreases Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Dimensional Fund Advisors LP decreased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,759,693 shares of the oil and gas company's stock after selling 147,941 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.07% of Helix Energy Solutions Group worth $100,279,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Helix Energy Solutions Group by 269.0% in the 3rd quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock valued at $3,402,000 after purchasing an additional 223,432 shares during the last quarter. Principal Financial Group Inc. increased its position in Helix Energy Solutions Group by 38.6% during the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock worth $22,919,000 after buying an additional 575,450 shares during the period. Diversified Trust Co lifted its stake in Helix Energy Solutions Group by 12.6% in the fourth quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company's stock valued at $518,000 after buying an additional 6,220 shares during the last quarter. KBC Group NV boosted its holdings in shares of Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 3,491 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock worth $61,016,000 after acquiring an additional 923,477 shares during the last quarter. 91.33% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Performance

HLX stock traded up $0.04 during trading on Tuesday, hitting $6.19. The company had a trading volume of 2,964,268 shares, compared to its average volume of 1,813,567. Helix Energy Solutions Group, Inc. has a 1-year low of $5.66 and a 1-year high of $13.05. The firm has a 50-day moving average price of $7.58 and a 200-day moving average price of $8.78. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a market cap of $937.21 million, a PE ratio of 154.66 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $278.06 million during the quarter, compared to analysts' expectations of $285.06 million. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded shares of 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.

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.