Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Bought by Millennium Management LLC

Millennium Management LLC grew its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,697,127 shares of the oil and gas company's stock after purchasing an additional 326,005 shares during the quarter. Millennium Management LLC owned approximately 1.12% of Helix Energy Solutions Group worth $15,817,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CoreCommodity Management LLC increased its holdings in Helix Energy Solutions Group by 1.4% in the fourth quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock valued at $1,210,000 after buying an additional 1,780 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Helix Energy Solutions Group by 6.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock valued at $313,000 after acquiring an additional 1,950 shares during the period. MetLife Investment Management LLC increased its stake in shares of Helix Energy Solutions Group by 2.4% in the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock valued at $795,000 after purchasing an additional 1,995 shares in the last quarter. Quarry LP increased its stake in shares of Helix Energy Solutions Group by 79.8% in the 4th quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock valued at $45,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Helix Energy Solutions Group by 143.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,902 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Price Performance

HLX traded up $0.13 during midday trading on Tuesday, hitting $6.27. 165,517 shares of the company traded hands, compared to its average volume of 1,855,921. The business has a 50 day simple moving average of $6.91 and a two-hundred day simple moving average of $8.31. 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 market capitalization of $949.34 million, a price-to-earnings ratio of 156.66 and a beta of 1.69. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.07. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. On average, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James lowered Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped their price objective 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.