Oregon Public Employees Retirement Fund decreased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,401 shares of the oil and gas company’s stock after selling 1,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Helix Energy Solutions Group were worth $328,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in the company. Rice Hall James & Associates LLC grew its holdings in shares of Helix Energy Solutions Group by 25.5% during the second quarter. Rice Hall James & Associates LLC now owns 275,148 shares of the oil and gas company’s stock worth $2,031,000 after purchasing an additional 55,963 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Helix Energy Solutions Group by 12.3% during the second quarter. Louisiana State Employees Retirement System now owns 74,700 shares of the oil and gas company’s stock worth $551,000 after buying an additional 8,200 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Helix Energy Solutions Group by 109.1% during the first quarter. Ameriprise Financial Inc. now owns 1,608,332 shares of the oil and gas company’s stock worth $12,448,000 after buying an additional 839,187 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Helix Energy Solutions Group by 21.2% during the first quarter. JPMorgan Chase & Co. now owns 509,310 shares of the oil and gas company’s stock worth $3,942,000 after buying an additional 89,028 shares during the last quarter. Finally, EWA LLC purchased a new position in shares of Helix Energy Solutions Group during the first quarter worth about $103,000. Hedge funds and other institutional investors own 98.58% of the company’s stock.
Helix Energy Solutions Group Price Performance
HLX stock opened at $10.13 on Tuesday. The firm has a 50 day moving average of $10.47 and a 200-day moving average of $8.62. Helix Energy Solutions Group, Inc. has a 12-month low of $4.61 and a 12-month high of $11.88. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -126.63 and a beta of 2.73.
Insider Buying and Selling
In related news, COO Scott Andrew Sparks sold 10,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.53, for a total transaction of $95,300.00. Following the completion of the transaction, the chief operating officer now directly owns 163,948 shares in the company, valued at approximately $1,562,424.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Scott Andrew Sparks sold 10,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.53, for a total transaction of $95,300.00. Following the completion of the transaction, the chief operating officer now directly owns 163,948 shares in the company, valued at approximately $1,562,424.44. 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 6,800 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $11.41, for a total value of $77,588.00. Following the transaction, the director now owns 27,990 shares of the company’s stock, valued at $319,365.90. The disclosure for this sale can be found here. Insiders sold 31,800 shares of company stock worth $318,238 in the last ninety days. Insiders own 6.03% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently issued reports on HLX shares. StockNews.com started coverage on Helix Energy Solutions Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. BTIG Research raised their price objective on shares of Helix Energy Solutions Group from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, September 20th. TD Cowen raised their price objective on shares of Helix Energy Solutions Group from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. Finally, Piper Sandler raised their price objective on shares of Helix Energy Solutions Group from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Helix Energy Solutions Group currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.
View Our Latest Research Report on HLX
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 Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.
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