Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Bought by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC increased its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 66.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,103,295 shares of the oil and gas company's stock after purchasing an additional 1,634,764 shares during the period. Helix Energy Solutions Group makes up 1.5% of Encompass Capital Advisors LLC's portfolio, making the stock its 29th largest holding. Encompass Capital Advisors LLC owned about 2.70% of Helix Energy Solutions Group worth $38,243,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HLX. Balyasny Asset Management L.P. lifted its holdings in Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company's stock valued at $23,017,000 after buying an additional 1,928,691 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock valued at $61,016,000 after purchasing an additional 923,477 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Helix Energy Solutions Group by 738.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company's stock valued at $9,306,000 after purchasing an additional 879,437 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at about $6,070,000. Finally, Forge First Asset Management Inc. bought a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at about $5,565,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Stock Up 0.1%

Shares of NYSE:HLX traded up $0.01 during trading hours on Wednesday, hitting $6.74. The company's stock had a trading volume of 834,134 shares, compared to its average volume of 1,852,813. Helix Energy Solutions Group, Inc. has a 52 week low of $5.66 and a 52 week high of $13.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 168.54 and a beta of 1.69. The firm's fifty day moving average price is $7.21 and its 200 day moving average price is $8.52.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.07. The company had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. As a group, research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

Separately, Raymond James lowered shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $14.00 to $10.00 in a report on Friday, April 25th.

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.