Fuller & Thaler Asset Management Inc. Takes Position in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Fuller & Thaler Asset Management Inc. recently acquired a new stake in Helix Energy Solutions Group, purchasing 62,340 shares valued at approximately $518,000.
• Several hedge funds have also increased their investments in Helix Energy Solutions, leading to institutional investors owning 91.33% of the company's stock.
• Helix Energy Solutions reported a loss of $0.02 per share in its recent earnings announcement, missing analysts' expectations, alongside a revenue of $302.29 million.

Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 62,340 shares of the oil and gas company's stock, valued at approximately $518,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Helix Energy Solutions Group by 1.5% during the first quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company's stock valued at $118,482,000 after acquiring an additional 208,288 shares during the last quarter. American Century Companies Inc. lifted its stake in Helix Energy Solutions Group by 6.4% during the 1st quarter. American Century Companies Inc. now owns 5,030,111 shares of the oil and gas company's stock worth $41,800,000 after acquiring an additional 303,074 shares in the last quarter. Encompass Capital Advisors LLC lifted its stake in Helix Energy Solutions Group by 66.2% during the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after acquiring an additional 1,634,764 shares in the last quarter. Wellington Management Group LLP lifted its stake in Helix Energy Solutions Group by 2.6% during the 1st quarter. Wellington Management Group LLP now owns 3,368,295 shares of the oil and gas company's stock worth $27,991,000 after acquiring an additional 86,093 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in Helix Energy Solutions Group by 17.1% during the 4th quarter. Systematic Financial Management LP now owns 2,905,836 shares of the oil and gas company's stock worth $27,082,000 after acquiring an additional 425,071 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HLX shares. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Raymond James Financial reissued an "outperform" rating and set a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $12.00.

Helix Energy Solutions Group Stock Up 6.3%

NYSE HLX traded up $0.3750 during trading hours on Friday, hitting $6.3750. 1,912,341 shares of the company were exchanged, compared to its average volume of 1,648,045. The company has a 50 day moving average of $6.31 and a two-hundred day moving average of $6.93. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $12.33. The firm has a market cap of $937.04 million, a price-to-earnings ratio of 19.92 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%.The company had revenue of $302.29 million for the quarter, compared to analysts' expectations of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

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.