State of New Jersey Common Pension Fund D held its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,000 shares of the oil and gas company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D owned about 0.11% of Helix Energy Solutions Group worth $902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Helix Energy Solutions Group by 31,634.0% in the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock worth $136,665,000 after buying an additional 17,533,477 shares during the last quarter. Vanguard Group Inc. raised its position in Helix Energy Solutions Group by 31.4% in the first quarter. Vanguard Group Inc. now owns 12,647,162 shares of the oil and gas company’s stock valued at $98,268,000 after buying an additional 3,022,776 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Helix Energy Solutions Group by 18.4% in the first quarter. Dimensional Fund Advisors LP now owns 11,341,629 shares of the oil and gas company’s stock valued at $88,123,000 after buying an additional 1,762,314 shares in the last quarter. FMR LLC raised its position in Helix Energy Solutions Group by 50.8% in the first quarter. FMR LLC now owns 4,072,627 shares of the oil and gas company’s stock valued at $31,644,000 after buying an additional 1,372,429 shares in the last quarter. Finally, Norges Bank bought a new position in Helix Energy Solutions Group during the fourth quarter valued at approximately $9,047,000. Institutional investors own 88.85% of the company’s stock.

Helix Energy Solutions Group, Inc. (HLX) opened at 5.91 on Monday. The stock’s market cap is $872.81 million. The stock’s 50 day moving average price is $5.86 and its 200 day moving average price is $6.52. Helix Energy Solutions Group, Inc. has a 12-month low of $4.82 and a 12-month high of $11.87.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. The business had revenue of $150.30 million for the quarter, compared to analysts’ expectations of $141.03 million. During the same quarter last year, the company posted ($0.10) earnings per share. The business’s quarterly revenue was up 40.2% compared to the same quarter last year. Analysts forecast that Helix Energy Solutions Group, Inc. will post ($0.13) EPS for the current fiscal year.

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Several research analysts have recently commented on HLX shares. Cowen and Company upgraded Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $8.00 to $10.00 in a report on Monday, June 5th. Zacks Investment Research lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Morgan Stanley reiterated an “overweight” rating and set a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. Finally, BidaskClub lowered Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.96.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

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

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