Franklin Resources Inc. Decreases Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Franklin Resources Inc. lowered its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 600,080 shares of the oil and gas company's stock after selling 64,678 shares during the quarter. Franklin Resources Inc. owned about 0.39% of Helix Energy Solutions Group worth $5,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Helix Energy Solutions Group by 28.2% during the third quarter. FMR LLC now owns 227,778 shares of the oil and gas company's stock worth $2,528,000 after purchasing an additional 50,117 shares in the last quarter. State Street Corp lifted its position in Helix Energy Solutions Group by 3.8% in 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 acquiring an additional 246,577 shares during the last quarter. Wolverine Trading LLC acquired a new position in Helix Energy Solutions Group in the third quarter valued at $239,000. Jane Street Group LLC grew its holdings in shares of Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock worth $3,394,000 after purchasing an additional 209,311 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $273,000. Hedge funds and other institutional investors own 91.33% of the company's stock.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX traded down $0.01 during trading hours on Monday, reaching $6.51. The stock had a trading volume of 85,805 shares, compared to its average volume of 1,779,077. The firm has a 50-day moving average of $7.94 and a 200-day moving average of $9.11. The firm has a market cap of $985.70 million, a price-to-earnings ratio of 162.67 and a beta of 1.91. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.77 and a fifty-two week high of $13.05.

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Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

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.