Goldman Sachs Group Inc. Reduces Holdings in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Goldman Sachs Group Inc. reduced its stake in Helix Energy Solutions Group by 5.4%, selling 48,633 shares and retaining 847,823 shares valued at approximately $7,045,000 as of the first quarter.
• Despite Goldman Sachs' reduction, other investors like Allspring Global Investments raised their holdings significantly, with a 54% increase in their stake during the same period.
• Helix Energy Solutions Group reported a quarterly loss with earnings per share at ($0.02), missing the consensus estimate, and forecasts an EPS of 0.26 for the current year.

Goldman Sachs Group Inc. reduced its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,823 shares of the oil and gas company's stock after selling 48,633 shares during the period. Goldman Sachs Group Inc. owned 0.56% of Helix Energy Solutions Group worth $7,045,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Helix Energy Solutions Group by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock worth $359,000 after acquiring an additional 15,135 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Helix Energy Solutions Group during the first quarter worth about $425,000. SG Americas Securities LLC raised its position in shares of Helix Energy Solutions Group by 8.2% in the first quarter. SG Americas Securities LLC now owns 69,460 shares of the oil and gas company's stock valued at $577,000 after buying an additional 5,251 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Helix Energy Solutions Group by 6.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company's stock valued at $19,430,000 after buying an additional 148,834 shares during the period. Finally, Wellington Management Group LLP boosted its position in Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after acquiring an additional 396,666 shares during the last quarter. Institutional investors and hedge funds own 91.33% of the company's stock.

Analyst Upgrades and Downgrades

HLX has been the subject of several recent analyst reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Wall Street Zen lowered Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

Helix Energy Solutions Group Trading Down 1.6%

Shares of HLX stock opened at $6.24 on Monday. The firm's 50 day moving average price is $6.23 and its two-hundred day moving average price is $6.73. Helix Energy Solutions Group, Inc. has a fifty-two week low of $5.52 and a fifty-two week high of $12.33. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.19. The stock has a market cap of $917.19 million, a price-to-earnings ratio of 19.50 and a beta of 1.65.

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

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