Owen E. Kratz Sells 141,879 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) CEO Owen E. Kratz sold 141,879 shares of Helix Energy Solutions Group stock in a transaction on Monday, May 20th. The shares were sold at an average price of $11.83, for a total value of $1,678,428.57. Following the transaction, the chief executive officer now owns 7,643,646 shares of the company’s stock, valued at approximately $90,424,332.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Helix Energy Solutions Group Stock Down 1.5 %

HLX stock opened at $11.24 on Friday. Helix Energy Solutions Group, Inc. has a 1-year low of $6.18 and a 1-year high of $12.14. The business has a fifty day moving average price of $11.14 and a 200-day moving average price of $10.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $1.71 billion, a P/E ratio of -53.50 and a beta of 2.50.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC raised its stake in shares of Helix Energy Solutions Group by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after purchasing an additional 1,391 shares during the last quarter. Diversified Trust Co grew its holdings in shares of Helix Energy Solutions Group by 4.2% in the fourth quarter. Diversified Trust Co now owns 39,922 shares of the oil and gas company’s stock worth $410,000 after acquiring an additional 1,600 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of Helix Energy Solutions Group by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 123,987 shares of the oil and gas company’s stock worth $1,344,000 after acquiring an additional 1,606 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Helix Energy Solutions Group by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,186 shares of the oil and gas company’s stock worth $251,000 after acquiring an additional 1,954 shares during the period. Finally, ProShare Advisors LLC grew its holdings in shares of Helix Energy Solutions Group by 7.4% in the first quarter. ProShare Advisors LLC now owns 28,967 shares of the oil and gas company’s stock worth $314,000 after acquiring an additional 1,997 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.