Helix Energy Solutions Group, Inc. (NYSE:HLX) Shares Acquired by Orbis Allan Gray Ltd

Orbis Allan Gray Ltd raised its holdings in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,695,882 shares of the oil and gas company’s stock after purchasing an additional 69,536 shares during the quarter. Orbis Allan Gray Ltd owned 1.78% of Helix Energy Solutions Group worth $20,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its position in shares of Helix Energy Solutions Group by 351.8% during the first quarter. Assenagon Asset Management S.A. now owns 4,479,594 shares of the oil and gas company’s stock worth $34,672,000 after buying an additional 3,488,194 shares in the last quarter. Millennium Management LLC raised its stake in shares of Helix Energy Solutions Group by 107.8% in the 4th quarter. Millennium Management LLC now owns 5,927,133 shares of the oil and gas company’s stock valued at $43,742,000 after purchasing an additional 3,075,062 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Helix Energy Solutions Group by 20.7% during the first quarter. Dimensional Fund Advisors LP now owns 9,621,561 shares of the oil and gas company’s stock worth $74,471,000 after purchasing an additional 1,649,169 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Helix Energy Solutions Group by 202.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,177,004 shares of the oil and gas company’s stock worth $10,406,000 after purchasing an additional 1,457,577 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in Helix Energy Solutions Group by 1,280.5% in the second quarter. Voya Investment Management LLC now owns 1,335,175 shares of the oil and gas company’s stock valued at $4,139,000 after buying an additional 1,238,461 shares during the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

Insider Transactions at Helix Energy Solutions Group

In related news, COO Scott Andrew Sparks sold 10,000 shares of Helix Energy Solutions Group stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $9.53, for a total value of $95,300.00. Following the sale, the chief operating officer now directly owns 163,948 shares in the company, valued at approximately $1,562,424.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Scott Andrew Sparks sold 10,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $9.53, for a total value of $95,300.00. Following the completion of the transaction, the chief operating officer now directly owns 163,948 shares of the company’s stock, valued at approximately $1,562,424.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Lovoi sold 15,000 shares of Helix Energy Solutions Group stock in a transaction on Friday, August 11th. The shares were sold at an average price of $9.69, for a total value of $145,350.00. Following the sale, the director now directly owns 340,249 shares in the company, valued at approximately $3,297,012.81. The disclosure for this sale can be found here. Insiders own 6.14% of the company’s stock.

Analyst Ratings Changes

HLX has been the subject of several research reports. Piper Sandler lifted their target price on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. StockNews.com started coverage on shares of Helix Energy Solutions Group in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, TD Cowen increased their target price on shares of Helix Energy Solutions Group from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.33.

Helix Energy Solutions Group Stock Performance

Shares of NYSE:HLX traded up $0.09 during trading on Friday, hitting $10.90. 3,426,519 shares of the company traded hands, compared to its average volume of 1,535,747. Helix Energy Solutions Group, Inc. has a one year low of $3.57 and a one year high of $10.99. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $9.18 and its 200-day moving average is $7.99.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings data on Wednesday, July 26th. The oil and gas company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $308.82 million during the quarter, compared to the consensus estimate of $274.84 million. Helix Energy Solutions Group had a positive return on equity of 0.75% and a negative net margin of 1.26%. As a group, sell-side analysts predict that Helix Energy Solutions Group, Inc. will post 0.52 earnings per share for the current fiscal year.

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 Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.