BNP PARIBAS ASSET MANAGEMENT Holding S.A. Raises Stake in Helix Energy Solutions Group, Inc. (NYSE:HLX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 11.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065,620 shares of the oil and gas company’s stock after buying an additional 106,582 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.70% of Helix Energy Solutions Group worth $11,829,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Helix Energy Solutions Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company’s stock valued at $144,897,000 after acquiring an additional 152,413 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Helix Energy Solutions Group by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock worth $131,559,000 after purchasing an additional 254,880 shares during the period. Pacer Advisors Inc. bought a new stake in Helix Energy Solutions Group during the 2nd quarter valued at $81,862,000. American Century Companies Inc. lifted its holdings in shares of Helix Energy Solutions Group by 24.9% in the 2nd quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after buying an additional 680,635 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Helix Energy Solutions Group by 74.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,314,924 shares of the oil and gas company’s stock worth $27,640,000 after buying an additional 985,101 shares in the last quarter. 91.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total transaction of $3,557,154.48. Following the transaction, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This represents a 3.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 6.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. TD Cowen lowered their price target on shares of 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. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective on the stock. Finally, StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $11.36 on Friday. The company has a market capitalization of $1.73 billion, a PE ratio of 284.07 and a beta of 2.43. The company has a 50-day simple moving average of $10.24 and a two-hundred day simple moving average of $10.83. Helix Energy Solutions Group, Inc. has a one year low of $8.82 and a one year high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. During the same quarter in the previous year, the business posted $0.19 EPS. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current fiscal year.

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.