Wolverine Trading LLC Invests $239,000 in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Wolverine Trading LLC acquired a new stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 3rd quarter, Holdings Channel reports. The fund acquired 22,084 shares of the oil and gas company’s stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new stake in shares of Helix Energy Solutions Group in the 3rd quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at approximately $45,000. Millburn Ridgefield Corp acquired a new position in Helix Energy Solutions Group during the 3rd quarter worth approximately $61,000. GAMMA Investing LLC grew its stake in shares of Helix Energy Solutions Group by 21.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 1,343 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Helix Energy Solutions Group by 10.4% in the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 850 shares in the last quarter. 91.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the transaction, the director now owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Owen E. Kratz sold 298,419 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 484,419 shares of company stock worth $5,394,094 over the last ninety days. Insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Trading Down 4.0 %

Helix Energy Solutions Group stock opened at $9.24 on Monday. The stock has a 50-day simple moving average of $10.19 and a 200 day simple moving average of $10.70. The stock has a market capitalization of $1.41 billion, a P/E ratio of 231.00 and a beta of 2.45. 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, Inc. has a 52 week low of $8.91 and a 52 week high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results 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. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The company had revenue of $342.42 million during the quarter, compared to the consensus estimate of $354.74 million. During the same period in the previous year, the company posted $0.19 EPS. Analysts expect that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HLX has been the topic of several analyst reports. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price target on the stock. TD Cowen decreased their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

Helix Energy Solutions Group Company 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.