Wellington Management Group LLP Purchases 86,093 Shares of Helix Energy Solutions Group, Inc. $HLX

Key Points

• Wellington Management Group LLP increased its stake in Helix Energy Solutions Group by 2.6%, bringing its total ownership to approximately 3.37 million shares valued at $27.99 million.
• Other institutional investors, including Vanguard Group Inc. and American Century Companies Inc., have also raised their positions, with Vanguard now owning 14.26 million shares worth $118.48 million.
• Helix Energy Solutions reported a quarterly revenue of $302.29 million, falling short of the consensus estimate of $326.62 million, and indicated an EPS guidance of 0.26 for the current year.

Wellington Management Group LLP lifted its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 2.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,368,295 shares of the oil and gas company's stock after buying an additional 86,093 shares during the quarter. Wellington Management Group LLP owned about 2.22% of Helix Energy Solutions Group worth $27,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in Helix Energy Solutions Group during the 4th quarter valued at $34,000. Quarry LP raised its stake in Helix Energy Solutions Group by 79.8% during 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 during the last quarter. CWM LLC raised its stake in Helix Energy Solutions Group by 78.0% during the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock valued at $89,000 after purchasing an additional 4,688 shares during the last quarter. Cresset Asset Management LLC acquired a new position in Helix Energy Solutions Group during the 1st quarter valued at $91,000. Finally, Quantinno Capital Management LP acquired a new position in Helix Energy Solutions Group during the 4th quarter valued at $110,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Price Performance

Shares of HLX traded up $0.13 during trading hours on Thursday, hitting $6.57. The stock had a trading volume of 956,055 shares, compared to its average volume of 1,786,559. The company's fifty day moving average is $6.26 and its two-hundred day moving average is $6.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.19 and a quick ratio of 2.19. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $12.33. The stock has a market capitalization of $964.99 million, a price-to-earnings ratio of 20.52 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its 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 firm had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. 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.

Wall Street Analyst Weigh In

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

Helix Energy Solutions Group Profile

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.