Prudential Financial Inc. reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,769 shares of the oil and gas company’s stock after selling 18,339 shares during the quarter. Prudential Financial Inc. owned approximately 0.16% of Helix Energy Solutions Group worth $1,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in Helix Energy Solutions Group by 32.3% during the first quarter. Great West Life Assurance Co. Can now owns 190,432 shares of the oil and gas company’s stock valued at $1,477,000 after purchasing an additional 46,485 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Helix Energy Solutions Group by 40.1% during the first quarter. First Trust Advisors LP now owns 79,148 shares of the oil and gas company’s stock valued at $615,000 after buying an additional 22,663 shares during the last quarter. Comerica Bank lifted its position in shares of Helix Energy Solutions Group by 27.3% during the first quarter. Comerica Bank now owns 153,136 shares of the oil and gas company’s stock valued at $940,000 after buying an additional 32,829 shares during the last quarter. Swiss National Bank lifted its position in shares of Helix Energy Solutions Group by 28.4% during the first quarter. Swiss National Bank now owns 225,900 shares of the oil and gas company’s stock valued at $1,755,000 after buying an additional 50,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Helix Energy Solutions Group by 36.1% during the first quarter. UBS Asset Management Americas Inc. now owns 52,933 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 14,031 shares during the last quarter. Hedge funds and other institutional investors own 86.85% of the company’s stock.

A number of research firms have recently weighed in on HLX. Cowen and Company restated an “outperform” rating and issued a $10.00 price target on shares of Helix Energy Solutions Group in a report on Tuesday, June 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $8.00 price objective (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Monday, June 26th. BidaskClub lowered shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.34.

ILLEGAL ACTIVITY NOTICE: “Prudential Financial Inc. Has $1.30 Million Position in Helix Energy Solutions Group, Inc. (HLX)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/04/prudential-financial-inc-has-1-30-million-position-in-helix-energy-solutions-group-inc-hlx.html.

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) opened at 7.08 on Wednesday. Helix Energy Solutions Group, Inc. has a 52 week low of $4.82 and a 52 week high of $11.87. The stock’s market cap is $1.05 billion. The stock’s 50 day moving average price is $6.75 and its 200-day moving average price is $6.28.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $150.30 million for the quarter, compared to analysts’ expectations of $141.03 million. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. Helix Energy Solutions Group’s revenue for the quarter was up 40.2% on a year-over-year basis. During the same period last year, the firm posted ($0.10) earnings per share. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post ($0.14) earnings per share for the current fiscal year.

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.

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 & Stock Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related stocks with our FREE daily email newsletter.