Empowered Funds LLC Makes New Investment in Helix Energy Solutions Group, Inc. $HLX

Empowered Funds LLC bought a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 659,820 shares of the oil and gas company’s stock, valued at approximately $5,767,000. Empowered Funds LLC owned 0.45% of Helix Energy Solutions Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. BlackRock Inc. bought a new position in shares of Helix Energy Solutions Group during the second quarter valued at approximately $198,670,000. Millennium Management LLC raised its stake in Helix Energy Solutions Group by 893.7% in the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock worth $26,409,000 after buying an additional 3,620,563 shares in the last quarter. Invesco Ltd. lifted its holdings in Helix Energy Solutions Group by 219.2% during the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after buying an additional 2,196,916 shares during the period. Adage Capital Partners GP L.L.C. purchased a new stake in Helix Energy Solutions Group during the second quarter worth $10,296,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Helix Energy Solutions Group during the 3rd quarter valued at $6,855,000. Institutional investors own 91.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Helix Energy Solutions Group has a consensus rating of “Hold” and an average target price of $14.00.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $10.14 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 37.56 and a beta of 1.14. Helix Energy Solutions Group, Inc. has a 1-year low of $6.03 and a 1-year high of $10.75. The business has a fifty day moving average price of $9.50 and a 200-day moving average price of $9.51.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%.The firm had revenue of $304.02 million for the quarter, compared to the consensus estimate of $314.56 million. Equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current fiscal year.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.