Quest Partners LLC Invests $367,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Quest Partners LLC bought a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 35,743 shares of the oil and gas company’s stock, valued at approximately $367,000.

A number of other hedge funds have also recently made changes to their positions in HLX. Panagora Asset Management Inc. boosted its position in shares of Helix Energy Solutions Group by 0.4% during the 4th quarter. Panagora Asset Management Inc. now owns 1,100,463 shares of the oil and gas company’s stock worth $11,313,000 after acquiring an additional 4,812 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Helix Energy Solutions Group by 4.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company’s stock worth $112,118,000 after purchasing an additional 489,105 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Helix Energy Solutions Group by 87.2% during the fourth quarter. Teacher Retirement System of Texas now owns 99,552 shares of the oil and gas company’s stock worth $1,023,000 after purchasing an additional 46,368 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Helix Energy Solutions Group by 9.8% during the fourth quarter. Victory Capital Management Inc. now owns 201,373 shares of the oil and gas company’s stock worth $2,070,000 after purchasing an additional 18,028 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Helix Energy Solutions Group by 141.6% during the fourth quarter. Russell Investments Group Ltd. now owns 158,235 shares of the oil and gas company’s stock worth $1,627,000 after purchasing an additional 92,731 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

Shares of HLX traded down $0.04 during midday trading on Friday, reaching $11.20. 1,263,785 shares of the stock were exchanged, compared to its average volume of 1,329,340. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. Helix Energy Solutions Group, Inc. has a twelve month low of $6.18 and a twelve month high of $12.14. The business’s 50-day moving average price is $11.16 and its 200 day moving average price is $10.16.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. The business had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. As a group, equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total value of $137,280.00. Following the completion of the transaction, the chief operating officer now directly owns 282,634 shares in the company, valued at approximately $3,233,332.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Owen E. Kratz sold 7,521 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total transaction of $86,792.34. Following the completion of the sale, the chief executive officer now directly owns 7,471,329 shares of the company’s stock, valued at approximately $86,219,136.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Scott Andrew Sparks sold 12,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total transaction of $137,280.00. Following the completion of the transaction, the chief operating officer now directly owns 282,634 shares of the company’s stock, valued at $3,233,332.96. The disclosure for this sale can be found here. In the last three months, insiders sold 161,400 shares of company stock worth $1,902,501. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Profile

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.