Savant Capital LLC Invests $259,000 in Helix Energy Solutions Group, Inc. $HLX

Savant Capital LLC purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 41,503 shares of the oil and gas company’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its holdings in shares of Helix Energy Solutions Group by 243.4% during the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after buying an additional 3,576 shares in the last quarter. AlphaQuest LLC increased its holdings in Helix Energy Solutions Group by 594,600.0% during the 1st quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after purchasing an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Helix Energy Solutions Group by 43.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 2,123 shares in the last quarter. CWM LLC raised its position in Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 4,688 shares during the last quarter. Finally, Strs Ohio acquired a new position in Helix Energy Solutions Group in the first quarter worth $89,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock opened at $6.53 on Wednesday. The company has a market cap of $959.70 million, a PE ratio of 23.30 and a beta of 1.55. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $11.48. The company’s 50-day moving average is $6.56 and its two-hundred day moving average is $6.46.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Helix Energy Solutions Group had a net margin of 3.25% and a return on equity of 2.75%. The business had revenue of $376.96 million during the quarter, compared to the consensus estimate of $361.93 million. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Insider Activity at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 40,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $6.88, for a total transaction of $275,200.00. Following the completion of the sale, the chief operating officer owned 301,042 shares in the company, valued at approximately $2,071,168.96. The trade was a 11.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HLX shares. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 30th. Zacks Research cut shares of Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. TD Cowen increased their price target on shares of Helix Energy Solutions Group from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Finally, Wall Street Zen raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.50.

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.