Principal Financial Group Inc. Sells 138,301 Shares of Helix Energy Solutions Group, Inc. $HLX

Principal Financial Group Inc. decreased its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,595,933 shares of the oil and gas company’s stock after selling 138,301 shares during the period. Principal Financial Group Inc.’s holdings in Helix Energy Solutions Group were worth $45,454,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter valued at about $27,000. Royal Bank of Canada increased its position in shares of Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 4,458 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth about $74,000. XTX Topco Ltd acquired a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth about $80,000. Finally, Inscription Capital LLC bought a new position in Helix Energy Solutions Group in the 4th quarter valued at about $83,000. 91.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. TD Cowen raised their target price on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.50.

Helix Energy Solutions Group Stock Performance

NYSE HLX opened at $9.59 on Friday. The company has a fifty day moving average price of $9.40 and a 200-day moving average price of $8.96. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 95.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.92 and a quick ratio of 2.92. Helix Energy Solutions Group, Inc. has a 1 year low of $5.52 and a 1 year high of $10.75.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Helix Energy Solutions Group had a net margin of 1.10% and a return on equity of 1.82%. The company had revenue of $287.95 million for the quarter, compared to analyst estimates of $260.89 million. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal year.

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.