Empowered Funds LLC Grows Holdings in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Empowered Funds LLC boosted its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 352.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538,485 shares of the oil and gas company’s stock after acquiring an additional 419,437 shares during the period. Empowered Funds LLC’s holdings in Helix Energy Solutions Group were worth $5,019,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in shares of Helix Energy Solutions Group by 16.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after purchasing an additional 923,477 shares during the last quarter. KBC Group NV increased its position in Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 3,491 shares in the last quarter. Diversified Trust Co raised its stake in Helix Energy Solutions Group by 12.6% during the fourth quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company’s stock valued at $518,000 after buying an additional 6,220 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after acquiring an additional 575,450 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Helix Energy Solutions Group by 0.8% in the third quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock worth $36,492,000 after acquiring an additional 25,432 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Wednesday, December 4th.

Insider Transactions at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the transaction, the director now owns 26,133 shares of the company’s stock, valued at $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total value of $1,677,900.00. Following the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,991 shares of company stock worth $2,607,137 in the last quarter. Company insiders own 6.37% of the company’s stock.

Helix Energy Solutions Group Stock Up 0.2 %

HLX stock opened at $8.23 on Wednesday. The business’s 50-day moving average is $9.01 and its two-hundred day moving average is $9.91. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 205.68 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a fifty-two week low of $7.76 and a fifty-two week high of $13.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29.

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.