Empowered Funds LLC Purchases 419,437 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX)

Empowered Funds LLC increased its position in Helix Energy Solutions Group, Inc. (NYSE:HLX - Free Report) by 352.3% in the 4th quarter, according to its most recent disclosure 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 owned about 0.35% of Helix Energy Solutions Group worth $5,019,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Helix Energy Solutions Group by 11.1% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,065,620 shares of the oil and gas company's stock valued at $11,829,000 after purchasing an additional 106,582 shares during the period. Jane Street Group LLC grew its holdings in Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company's stock valued at $3,394,000 after purchasing an additional 209,311 shares during the period. Fisher Asset Management LLC grew its holdings in Helix Energy Solutions Group by 3.9% during the third quarter. Fisher Asset Management LLC now owns 1,941,340 shares of the oil and gas company's stock valued at $21,549,000 after purchasing an additional 72,945 shares during the period. Semanteon Capital Management LP bought a new stake in Helix Energy Solutions Group during the third quarter valued at about $628,000. Finally, Principal Financial Group Inc. grew its holdings in Helix Energy Solutions Group by 38.6% during the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after purchasing an additional 575,450 shares during the period. Institutional investors own 91.33% of the company's stock.

Insider Buying and Selling

In other Helix Energy Solutions Group news, EVP Kenneth English Neikirk sold 83,991 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $9.17, for a total transaction of $770,197.47. Following the sale, the executive vice president now directly owns 104,549 shares in the company, valued at $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief operating officer now owns 112,634 shares in the company, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 269,991 shares of company stock worth $2,607,137. Corporate insiders own 6.37% of the company's stock.

Helix Energy Solutions Group Price Performance

Shares of NYSE:HLX traded up $0.02 during mid-day trading on Friday, reaching $8.19. The stock had a trading volume of 695,855 shares, compared to its average volume of 1,273,039. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.24 billion, a P/E ratio of 204.68 and a beta of 2.43. Helix Energy Solutions Group, Inc. has a 1 year low of $7.76 and a 1 year high of $13.05. The business's 50 day moving average price is $8.88 and its 200 day moving average price is $9.85.

Analyst Upgrades and Downgrades

HLX has been the subject of a number of recent analyst reports. BTIG Research lowered Helix Energy Solutions Group from a "buy" rating to a "neutral" rating in a research note on Thursday, October 24th. TD Cowen dropped their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, StockNews.com raised Helix Energy Solutions Group from a "sell" rating to a "hold" rating in a research note on Wednesday, December 4th.

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.