Raymond James Financial Inc. Takes Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Raymond James Financial Inc. purchased a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 651,235 shares of the oil and gas company's stock, valued at approximately $6,070,000. Raymond James Financial Inc. owned approximately 0.43% of Helix Energy Solutions Group at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HLX. Pacer Advisors Inc. boosted its position in 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. Principal Financial Group Inc. boosted its stake in Helix Energy Solutions Group by 38.6% in the 3rd 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 last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Helix Energy Solutions Group by 111.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 941,394 shares of the oil and gas company's stock valued at $10,449,000 after buying an additional 496,278 shares during the period. Empowered Funds LLC increased its stake in shares of Helix Energy Solutions Group by 352.3% during the 4th quarter. Empowered Funds LLC now owns 538,485 shares of the oil and gas company's stock valued at $5,019,000 after acquiring an additional 419,437 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Helix Energy Solutions Group by 3.8% during the 3rd quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company's stock worth $73,973,000 after acquiring an additional 246,577 shares during the period. Institutional investors and hedge funds own 91.33% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a report on Wednesday, December 4th.

Helix Energy Solutions Group Trading Down 1.9 %

HLX stock traded down $0.16 during trading on Friday, reaching $8.38. 1,403,955 shares of the stock traded hands, compared to its average volume of 1,761,531. The firm has a market capitalization of $1.26 billion, a PE ratio of 209.55 and a beta of 2.41. 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 business's 50 day moving average price is $8.27 and its 200-day moving average price is $9.36. Helix Energy Solutions Group, Inc. has a 52-week low of $7.56 and a 52-week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued 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. The business had revenue of $355.13 million during the quarter, compared to analysts' expectations of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Insider Transactions at Helix Energy Solutions Group

In other news, EVP Kenneth English Neikirk sold 83,991 shares of the company's stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.17, for a total value of $770,197.47. Following the completion of the sale, the executive vice president now owns 104,549 shares of the company's stock, valued at $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 6.37% of the company's stock.

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.