Dimensional Fund Advisors LP Reduces Holdings in Helix Energy Solutions Group Inc (HLX)

Dimensional Fund Advisors LP decreased its position in shares of Helix Energy Solutions Group Inc (NYSE:HLX) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,447,823 shares of the oil and gas company’s stock after selling 52,625 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Helix Energy Solutions Group worth $122,983,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HLX. Hilltop Holdings Inc. purchased a new position in shares of Helix Energy Solutions Group during the second quarter worth about $100,000. Tower Research Capital LLC TRC grew its holdings in shares of Helix Energy Solutions Group by 297.2% during 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 position in shares of Helix Energy Solutions Group during the second quarter worth about $167,000. Laurion Capital Management LP purchased a new position in shares of Helix Energy Solutions Group during the second quarter worth about $189,000. Finally, First Quadrant L P CA purchased a new position in shares of Helix Energy Solutions Group during the third quarter worth about $200,000. 92.38% of the stock is currently owned by institutional investors.

NYSE HLX opened at $7.23 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.65 and a current ratio of 2.65. Helix Energy Solutions Group Inc has a 52-week low of $5.44 and a 52-week high of $10.89. The stock has a market cap of $1.24 billion, a P/E ratio of -48.20 and a beta of 2.61.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Helix Energy Solutions Group had a return on equity of 2.59% and a net margin of 12.48%. The firm had revenue of $212.58 million for the quarter, compared to analyst estimates of $203.56 million. During the same quarter last year, the company posted $0.02 earnings per share. Analysts predict that Helix Energy Solutions Group Inc will post 0.22 earnings per share for the current fiscal year.

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

In related news, Director William L. Transier sold 17,300 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $9.84, for a total value of $170,232.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William L. Transier sold 32,700 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The shares were sold at an average price of $9.69, for a total transaction of $316,863.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 852,052 shares of company stock worth $8,287,258. Corporate insiders own 5.85% of the company’s stock.

WARNING: This news story was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.thelincolnianonline.com/2018/12/08/dimensional-fund-advisors-lp-reduces-holdings-in-helix-energy-solutions-group-inc-hlx.html.

Helix Energy Solutions Group 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.

See Also: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding HLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helix Energy Solutions Group Inc (NYSE:HLX).

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

Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply