Empowered Funds LLC Invests $5.77 Million in Helix Energy Solutions Group, Inc. $HLX

Empowered Funds LLC acquired a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 659,820 shares of the oil and gas company’s stock, valued at approximately $5,767,000.

Several other hedge funds have also recently made changes to their positions in HLX. Quarry LP acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth about $27,000. Royal Bank of Canada increased its holdings in shares of Helix Energy Solutions Group by 175.9% in the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 4,458 shares during the period. State of Wyoming increased its holdings in shares of Helix Energy Solutions Group by 357.7% in the first quarter. State of Wyoming now owns 10,449 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 8,166 shares during the period. Strs Ohio purchased a new position in shares of Helix Energy Solutions Group in the first quarter worth about $89,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Helix Energy Solutions Group in the second quarter worth about $97,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group Price Performance

NYSE:HLX opened at $10.14 on Monday. Helix Energy Solutions Group, Inc. has a one year low of $6.03 and a one year high of $10.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.47 and a current ratio of 3.47. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 37.56 and a beta of 1.14. The firm’s fifty day moving average is $9.50 and its two-hundred day moving average is $9.51.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Thursday, August 6th. The oil and gas company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The business had revenue of $304.02 million during the quarter, compared to analyst estimates of $314.56 million. Helix Energy Solutions Group had a return on equity of 2.95% and a net margin of 3.04%. Research analysts expect that Helix Energy Solutions Group, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wall Street Zen lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 16th. Weiss Ratings raised shares of Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.