Wellington Management Group LLP Sells 523,989 Shares of Helix Energy Solutions Group, Inc. $HLX

Wellington Management Group LLP trimmed its holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 13.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,408,554 shares of the oil and gas company’s stock after selling 523,989 shares during the quarter. Wellington Management Group LLP’s holdings in Helix Energy Solutions Group were worth $29,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Helix Energy Solutions Group in the 2nd quarter valued at about $198,670,000. Dimensional Fund Advisors LP increased its holdings in shares of Helix Energy Solutions Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 8,959,806 shares of the oil and gas company’s stock worth $88,611,000 after acquiring an additional 249,887 shares in the last quarter. State Street Corp raised its holdings in Helix Energy Solutions Group by 6.3% during the 4th quarter. State Street Corp now owns 6,263,543 shares of the oil and gas company’s stock worth $39,272,000 after buying an additional 372,115 shares during the period. Invesco Ltd. raised its holdings in shares of Helix Energy Solutions Group by 58.6% during the fourth quarter. Invesco Ltd. now owns 4,968,078 shares of the oil and gas company’s stock worth $31,150,000 after acquiring an additional 1,835,536 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Helix Energy Solutions Group by 893.7% in the 3rd quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after purchasing an additional 3,620,563 shares during the period. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Trading Up 0.2%

Shares of Helix Energy Solutions Group stock opened at $10.62 on Friday. Helix Energy Solutions Group, Inc. has a 12-month low of $6.03 and a 12-month high of $10.75. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $9.68 and its 200-day moving average is $9.57. The stock has a market cap of $1.57 billion, a P/E ratio of 39.33 and a beta of 1.17.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. Helix Energy Solutions Group had a net margin of 3.04% and a return on equity of 2.95%. The business had revenue of $304.02 million for the quarter, compared to the consensus estimate of $314.56 million. Equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HLX. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings raised shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.