Empowered Funds LLC Grows Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Empowered Funds LLC boosted its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,048 shares of the oil and gas company’s stock after purchasing an additional 6,030 shares during the period. Empowered Funds LLC owned approximately 0.08% of Helix Energy Solutions Group worth $1,321,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Helix Energy Solutions Group in the third quarter valued at about $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Helix Energy Solutions Group in the 2nd quarter worth approximately $45,000. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 1,236 shares during the last quarter. CWM LLC raised its position in shares of Helix Energy Solutions Group by 10.4% during the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 850 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Helix Energy Solutions Group during the third quarter worth $157,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Performance

HLX stock opened at $11.19 on Friday. The firm has a 50 day simple moving average of $10.17 and a 200 day simple moving average of $10.83. Helix Energy Solutions Group, Inc. has a 52 week low of $8.82 and a 52 week high of $13.05. The stock has a market cap of $1.70 billion, a P/E ratio of 280.82 and a beta of 2.43. 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 (NYSE:HLX) last announced its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter in the previous year, the business posted $0.19 EPS. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Owen E. Kratz sold 298,419 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at approximately $85,488,571.20. The trade was a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HLX shares. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, November 2nd. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. TD Cowen reduced their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Raymond James started coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock.

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.