EP Wealth Advisors LLC Increases Stock Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

EP Wealth Advisors LLC raised its position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 22.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,164 shares of the oil and gas company’s stock after buying an additional 5,527 shares during the period. EP Wealth Advisors LLC’s holdings in Helix Energy Solutions Group were worth $281,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Helix Energy Solutions Group by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company’s stock valued at $130,941,000 after buying an additional 343,673 shares during the period. Pacer Advisors Inc. boosted its position in Helix Energy Solutions Group by 16.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after buying an additional 923,477 shares during the period. American Century Companies Inc. boosted its position in Helix Energy Solutions Group by 10.2% during the 4th quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company’s stock valued at $44,056,000 after buying an additional 437,814 shares during the period. Wellington Management Group LLP boosted its position in 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 valued at $30,590,000 after buying an additional 396,666 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of Helix Energy Solutions Group by 356.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company’s stock worth $23,017,000 after purchasing an additional 1,928,691 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James cut shares of Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $14.00 to $10.00 in a research report on Friday, April 25th.

Helix Energy Solutions Group Trading Down 1.8%

Shares of NYSE HLX opened at $6.73 on Wednesday. Helix Energy Solutions Group, Inc. has a 1 year low of $5.66 and a 1 year high of $13.05. The stock has a market cap of $1.02 billion, a P/E ratio of 168.29 and a beta of 1.69. The firm has a 50-day moving average of $7.21 and a 200 day moving average of $8.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (EPS) 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 company had revenue of $278.06 million during the quarter, compared to analysts’ expectations of $285.06 million. As a group, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

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.