Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 16.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 610,379 shares of the oil and gas company's stock after selling 122,152 shares during the quarter. JPMorgan Chase & Co. owned 0.40% of Helix Energy Solutions Group worth $6,775,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Helix Energy Solutions Group by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company's stock worth $131,559,000 after purchasing an additional 254,880 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in Helix Energy Solutions Group during the second quarter worth $81,862,000. State Street Corp boosted 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 worth $73,973,000 after buying an additional 246,577 shares in the last quarter. American Century Companies Inc. grew its position in Helix Energy Solutions Group by 24.9% during the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company's stock valued at $40,756,000 after buying an additional 680,635 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 valued at $36,492,000 after buying an additional 25,432 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company's stock.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the sale, the chief operating officer now directly owns 112,634 shares in the company, valued at $1,111,697.58. This trade represents a 60.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $159,040.00. Following the transaction, the director now directly owns 26,133 shares of the company's stock, valued at $259,762.02. The trade was a 37.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 269,991 shares of company stock valued at $2,607,137 in the last three months. 6.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HLX. Raymond James initiated coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a "strong-buy" rating and a $14.00 target price on the stock. BTIG Research lowered Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a report on Thursday, October 24th. StockNews.com raised Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th. Finally, TD Cowen reduced their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, October 25th.

Helix Energy Solutions Group Price Performance

NYSE HLX traded down $0.02 during mid-day trading on Thursday, hitting $8.94. The stock had a trading volume of 1,359,548 shares, compared to its average volume of 1,565,072. The firm's 50 day moving average is $9.85 and its 200 day moving average is $10.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 223.43 and a beta of 2.46. Helix Energy Solutions Group, Inc. has a twelve month low of $8.64 and a twelve month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period last year, the firm posted $0.19 earnings per share. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

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.