Clayton Partners LLC purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the oil and gas company’s stock, valued at approximately $627,000.
A number of other institutional investors and hedge funds have also bought and sold shares of HLX. Millennium Management LLC grew its position in Helix Energy Solutions Group by 893.7% during the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after acquiring an additional 3,620,563 shares during the last quarter. Invesco Ltd. grew its position in Helix Energy Solutions Group by 219.2% during the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock valued at $19,961,000 after acquiring an additional 2,196,916 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Helix Energy Solutions Group during the second quarter valued at approximately $10,296,000. Hotchkis & Wiley Capital Management LLC bought a new position in Helix Energy Solutions Group during the third quarter valued at approximately $6,855,000. Finally, Balyasny Asset Management L.P. bought a new position in Helix Energy Solutions Group during the fourth quarter valued at approximately $5,805,000. 91.33% of the stock is currently owned by institutional investors.
Helix Energy Solutions Group Stock Performance
Shares of HLX stock opened at $8.88 on Thursday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 88.77 and a beta of 1.11. The stock has a fifty day moving average of $9.74 and a 200 day moving average of $8.65. Helix Energy Solutions Group, Inc. has a 52 week low of $5.52 and a 52 week high of $10.75.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on HLX. TD Cowen increased their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Weiss Ratings lowered Helix Energy Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.50.
Read Our Latest Report on Helix Energy Solutions Group
About Helix Energy Solutions Group
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.
Recommended Stories
- Five stocks we like better than Helix Energy Solutions Group
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding HLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helix Energy Solutions Group, Inc. (NYSE:HLX – Free Report).
Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.
