Voya Investment Management LLC lessened its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 84.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 377,493 shares of the oil and gas company's stock after selling 2,087,575 shares during the period. Voya Investment Management LLC owned about 0.25% of Helix Energy Solutions Group worth $3,137,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in HLX. Encompass Capital Advisors LLC lifted its stake in shares of Helix Energy Solutions Group by 24.3% in the first quarter. Encompass Capital Advisors LLC now owns 5,099,383 shares of the oil and gas company's stock valued at $42,376,000 after buying an additional 996,088 shares during the period. Nuveen LLC bought a new position in shares of Helix Energy Solutions Group during the 1st quarter worth about $7,378,000. Tensile Capital Management LP bought a new position in shares of Helix Energy Solutions Group during the 1st quarter worth about $6,425,000. Wellington Management Group LLP lifted its holdings in shares of Helix Energy Solutions Group by 13.7% during the 4th 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 period. Finally, Jane Street Group LLC lifted its holdings in shares of Helix Energy Solutions Group by 1,836.3% during the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company's stock worth $3,143,000 after acquiring an additional 358,663 shares during the period. Institutional investors own 91.33% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on HLX shares. Raymond James Financial reaffirmed an "outperform" rating and set a $9.00 price objective (down from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Wall Street Zen downgraded shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.
Read Our Latest Stock Report on HLX
Helix Energy Solutions Group Stock Up 4.3%
Shares of HLX stock traded up $0.28 during trading on Tuesday, reaching $6.69. The company's stock had a trading volume of 858,773 shares, compared to its average volume of 1,746,415. 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 business has a fifty day moving average price of $6.21 and a 200-day moving average price of $6.66. 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 market cap of $983.07 million, a price-to-earnings ratio of 20.89 and a beta of 1.65.
Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted 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). Helix Energy Solutions Group had a return on equity of 3.23% and a net margin of 3.92%.The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.
About Helix Energy Solutions Group
(
Free Report)
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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