Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 13.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 664,758 shares of the oil and gas company’s stock after selling 106,788 shares during the period. Franklin Resources Inc. owned 0.44% of Helix Energy Solutions Group worth $7,026,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HLX. Diversified Trust Co lifted its stake in Helix Energy Solutions Group by 2.1% in the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock valued at $548,000 after buying an additional 1,005 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Helix Energy Solutions Group by 3.0% in the second quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock valued at $484,000 after acquiring an additional 1,187 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 1,343 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of Helix Energy Solutions Group by 9.5% during the second quarter. Meeder Advisory Services Inc. now owns 16,618 shares of the oil and gas company’s stock worth $198,000 after purchasing an additional 1,445 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Helix Energy Solutions Group by 2.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 72,100 shares of the oil and gas company’s stock valued at $861,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analyst Upgrades and Downgrades

HLX has been the subject of a number of research reports. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th. Raymond James started coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, TD Cowen dropped their price target on 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 Trading Up 0.1 %

Shares of HLX stock opened at $9.03 on Monday. 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 twelve month low of $8.81 and a twelve month high of $13.05. The company’s 50-day moving average price is $10.04 and its 200-day moving average price is $10.64. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 225.81 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same quarter in the prior year, the company posted $0.19 EPS. As a group, equities analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Insiders Place Their Bets

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % 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, COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders sold a total of 484,419 shares of company stock valued at $5,394,094 over the last quarter. 6.37% of the stock is owned by insiders.

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 four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.