Prudential Financial Inc. boosted its position in Helix Energy Solutions Group Inc (NYSE:HLX) by 109.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 788,044 shares of the oil and gas company’s stock after buying an additional 412,125 shares during the quarter. Prudential Financial Inc. owned approximately 0.53% of Helix Energy Solutions Group worth $7,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. purchased a new stake in Helix Energy Solutions Group in the second quarter worth $100,000. Tower Research Capital LLC TRC increased its position in Helix Energy Solutions Group by 297.2% in the second quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock worth $132,000 after buying an additional 11,888 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Helix Energy Solutions Group in the second quarter worth $167,000. Laurion Capital Management LP purchased a new stake in Helix Energy Solutions Group in the second quarter worth $189,000. Finally, First Quadrant L P CA purchased a new stake in Helix Energy Solutions Group in the third quarter worth $200,000. 92.38% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. Finally, Cowen assumed coverage on Helix Energy Solutions Group in a research report on Saturday, October 13th. They issued a “buy” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $9.65.

In other news, CEO Owen E. Kratz sold 110,000 shares of Helix Energy Solutions Group stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $9.61, for a total value of $1,057,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Scott Andrew Sparks sold 10,000 shares of Helix Energy Solutions Group stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $9.82, for a total value of $98,200.00. Following the completion of the transaction, the chief operating officer now owns 196,109 shares of the company’s stock, valued at $1,925,790.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 852,052 shares of company stock valued at $8,287,258. 5.85% of the stock is owned by company insiders.

Shares of NYSE HLX opened at $7.39 on Friday. The firm has a market capitalization of $1.24 billion, a PE ratio of 30.93 and a beta of 2.61. Helix Energy Solutions Group Inc has a fifty-two week low of $5.44 and a fifty-two week high of $10.89. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.65 and a quick ratio of 2.65.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company had revenue of $212.58 million during the quarter, compared to analysts’ expectations of $203.56 million. Helix Energy Solutions Group had a return on equity of 2.59% and a net margin of 12.48%. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, equities research analysts predict that Helix Energy Solutions Group Inc will post 0.22 earnings per share for the current year.

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Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Institutional Ownership by Quarter for Helix Energy Solutions Group (NYSE:HLX)

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