Wellington Management Group LLP Sells 311,414 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Wellington Management Group LLP lowered its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 9.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,885,536 shares of the oil and gas company’s stock after selling 311,414 shares during the period. Wellington Management Group LLP owned approximately 1.90% of Helix Energy Solutions Group worth $32,029,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $411,000. Diversified Trust Co grew its holdings in shares of Helix Energy Solutions Group by 4.6% in the second quarter. Diversified Trust Co now owns 48,343 shares of the oil and gas company’s stock worth $577,000 after purchasing an additional 2,125 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Helix Energy Solutions Group by 74.1% during the second quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after acquiring an additional 985,101 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in Helix Energy Solutions Group by 2.7% during 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 in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Down 4.5 %

HLX stock opened at $9.63 on Friday. The firm has a market cap of $1.46 billion, a P/E ratio of 240.75 and a beta of 2.45. Helix Energy Solutions Group, Inc. has a 52-week low of $8.91 and a 52-week high of $13.05. The company’s 50-day simple moving average is $10.23 and its 200-day simple moving average is $10.73. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $354.74 million. During the same period last year, the company posted $0.19 EPS. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James began coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price for the company. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, TD Cowen cut their price objective on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th.

Insider Activity at Helix Energy Solutions Group

In other news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This represents a 3.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Diana Glassman sold 16,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the transaction, the director now owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 484,419 shares of company stock valued at $5,394,094. Corporate 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.