Fifth Third Bancorp Grows Stock Holdings in Helix Energy Solutions Group, Inc. $HLX

Fifth Third Bancorp lifted its stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) by 11,829.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,562 shares of the oil and gas company’s stock after purchasing an additional 73,937 shares during the quarter. Fifth Third Bancorp’s holdings in Helix Energy Solutions Group were worth $737,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in shares of Helix Energy Solutions Group in the fourth quarter worth $27,000. Royal Bank of Canada boosted its stake in Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 4,458 shares during the period. Strs Ohio bought a new stake in Helix Energy Solutions Group during the first quarter valued at $89,000. Aaron Wealth Advisors LLC purchased a new position in Helix Energy Solutions Group during the fourth quarter worth about $74,000. Finally, XTX Topco Ltd purchased a new position in Helix Energy Solutions Group during the second quarter worth about $80,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Down 2.6%

Shares of NYSE:HLX opened at $9.65 on Tuesday. The firm has a market capitalization of $1.42 billion, a PE ratio of 96.51 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.92 and a current ratio of 2.92. Helix Energy Solutions Group, Inc. has a 52-week low of $5.58 and a 52-week high of $10.75. The firm has a fifty day moving average of $9.35 and a 200 day moving average of $9.12.

Wall Street Analyst Weigh In

HLX has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Helix Energy Solutions Group in a report on Friday. TD Cowen boosted their price objective on Helix Energy Solutions Group from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.00.

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.