Guinness Asset Management LTD Lowers Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Guinness Asset Management LTD reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,241 shares of the oil and gas company’s stock after selling 45,152 shares during the quarter. Guinness Asset Management LTD’s holdings in Helix Energy Solutions Group were worth $2,787,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Diversified Trust Co increased its holdings in shares of Helix Energy Solutions Group by 2.1% during the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock valued at $548,000 after purchasing an additional 1,005 shares in the last quarter. GAMMA Investing LLC grew its position in Helix Energy Solutions Group by 21.1% during the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after buying an additional 1,343 shares during the period. Doheny Asset Management CA grew its position in Helix Energy Solutions Group by 1.8% during the second quarter. Doheny Asset Management CA now owns 164,584 shares of the oil and gas company’s stock valued at $1,965,000 after buying an additional 2,964 shares during the period. Assetmark Inc. purchased a new position in Helix Energy Solutions Group in the third quarter valued at $33,000. Finally, Sei Investments Co. raised its position in shares of Helix Energy Solutions Group by 12.3% in the second quarter. Sei Investments Co. now owns 31,545 shares of the oil and gas company’s stock worth $377,000 after acquiring an additional 3,451 shares during the period. 91.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLX has been the subject of several recent analyst reports. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. TD Cowen cut their price objective 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. Finally, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Stock Up 1.7 %

HLX opened at $9.11 on Monday. The company has a market cap of $1.39 billion, a PE ratio of 227.71 and a beta of 2.46. Helix Energy Solutions Group, Inc. has a twelve month low of $8.64 and a twelve month high of $13.05. The company has a 50-day moving average price of $9.80 and a 200 day moving average price of $10.39. 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 announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 4.39% and a net margin of 0.54%. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Insider Activity at Helix Energy Solutions Group

In other news, COO Scott Andrew Sparks sold 170,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at $1,111,697.58. The trade was a 60.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were 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 trade represents a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is owned by insiders.

Helix Energy Solutions Group Company 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.