Invesco Ltd. Boosts Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Invesco Ltd. increased its stake in Helix Energy Solutions Group, Inc. (NYSE:HLX) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,002,034 shares of the oil and gas company’s stock after acquiring an additional 4,313 shares during the period. Invesco Ltd. owned approximately 0.66% of Helix Energy Solutions Group worth $8,327,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Helix Energy Solutions Group by 4.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,161 shares of the oil and gas company’s stock valued at $309,000 after acquiring an additional 1,634 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Helix Energy Solutions Group by 6.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,338,193 shares of the oil and gas company’s stock valued at $19,430,000 after acquiring an additional 148,834 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Helix Energy Solutions Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 14,257,726 shares of the oil and gas company’s stock valued at $118,482,000 after acquiring an additional 208,288 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Helix Energy Solutions Group in the first quarter valued at $224,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Helix Energy Solutions Group in the first quarter valued at $1,164,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Stock Down 0.6%

HLX opened at $6.34 on Tuesday. The business’s 50-day simple moving average is $6.29 and its 200-day simple moving average is $6.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19. Helix Energy Solutions Group, Inc. has a one year low of $5.52 and a one year high of $12.33. The stock has a market capitalization of $931.92 million, a P/E ratio of 19.81 and a beta of 1.53.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, July 23rd. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates 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 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on HLX shares. Wall Street Zen cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Raymond James Financial reiterated an “outperform” rating and issued a $9.00 price objective (down 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. Based on data from MarketBeat, Helix Energy Solutions Group has a consensus rating of “Moderate Buy” and a consensus target price of $12.00.

Helix Energy Solutions Group Company 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.