Empowered Funds LLC Grows Stake in Helix Energy Solutions Group, Inc. $HLX

Key Points

• Empowered Funds LLC has increased its stake in Helix Energy Solutions Group by 19.1%, now holding 641,198 shares worth approximately $5.3 million.
• Helix Energy reported a net loss of $0.02 per share in its latest quarterly earnings, missing expectations, with revenues of $302.29 million compared to the anticipated $326.62 million.
• Despite recent downgrades, Helix Energy maintains a consensus rating of "Moderate Buy" from analysts, with a target price of $12.00.

Empowered Funds LLC increased its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 641,198 shares of the oil and gas company's stock after purchasing an additional 102,713 shares during the quarter. Empowered Funds LLC owned about 0.42% of Helix Energy Solutions Group worth $5,328,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Helix Energy Solutions Group by 4.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,161 shares of the oil and gas company's stock valued at $309,000 after buying an additional 1,634 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Helix Energy Solutions Group by 0.9% in the first quarter. Nisa Investment Advisors LLC now owns 202,488 shares of the oil and gas company's stock worth $1,683,000 after buying an additional 1,721 shares in the last quarter. Pacific Global Investment Management Co. boosted its position in shares of Helix Energy Solutions Group by 0.5% in the first quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock valued at $3,446,000 after acquiring an additional 2,007 shares during the period. Choreo LLC grew its stake in Helix Energy Solutions Group by 9.5% during the first quarter. Choreo LLC now owns 24,396 shares of the oil and gas company's stock valued at $203,000 after acquiring an additional 2,112 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Helix Energy Solutions Group by 43.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock worth $59,000 after acquiring an additional 2,123 shares during the period. Hedge funds and other institutional investors own 91.33% of the company's stock.

Analysts Set New Price Targets

HLX has been the subject of several analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $9.00 price target (down from $10.00) on shares of Helix Energy Solutions Group in a report 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Helix Energy Solutions Group has a consensus rating of "Moderate Buy" and a consensus price target of $12.00.

Helix Energy Solutions Group Trading Up 0.5%

Shares of HLX stock traded up $0.03 on Monday, hitting $6.25. 919,158 shares of the company's stock traded hands, compared to its average volume of 1,742,168. The stock has a market capitalization of $918.66 million, a price-to-earnings ratio of 19.53 and a beta of 1.65. The company's fifty day simple moving average is $6.23 and its 200 day simple moving average is $6.73. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03). The company had revenue of $302.29 million during the quarter, compared to the consensus estimate 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. Equities analysts forecast 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.