Viking Fund Management buys $6,952,500 stake in Helix Energy Solutions Group Inc (HLX)

Helix Energy Solutions Group Inc (HLX) : Viking Fund Management scooped up 100,000 additional shares in Helix Energy Solutions Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 750,000 shares of Helix Energy Solutions Group Inc which is valued at $6,952,500.Helix Energy Solutions Group Inc makes up approximately 1.12% of Viking Fund Management’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HLX in the latest quarter, The investment management firm added 29,800 additional shares and now holds a total of 75,198 shares of Helix Energy Solutions Group Inc which is valued at $697,085. Helix Energy Solutions Group Inc makes up approx 0.02% of Msi Financial Services Inc’s portfolio. Weaver C. Barksdale Associates sold out all of its stake in HLX during the most recent quarter. The investment firm sold 228 shares of HLX which is valued $2,132. Kelman-lazarov sold out all of its stake in HLX during the most recent quarter. The investment firm sold 1,000 shares of HLX which is valued $9,590.Bnp Paribas Arbitrage Sa reduced its stake in HLX by selling 15,439 shares or 48.4% in the most recent quarter. The Hedge Fund company now holds 16,458 shares of HLX which is valued at $145,653.

Helix Energy Solutions Group Inc closed down -0.24 points or -2.50% at $9.35 with 17,83,484 shares getting traded on Tuesday. Post opening the session at $9.5, the shares hit an intraday low of $9.25 and an intraday high of $9.51 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Helix Energy Solutions Group Inc reported $-0.10 EPS for the quarter, based on the information available during the earnings call on Jul 19, 2016. Analyst had a consensus estimate of $-0.10. The company had revenue of $107.20 million for the quarter, compared to analysts expectations of $130.17 million. The company’s revenue was down -35.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.

Helix Energy Solutions Group Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention Robotics Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000 the Helix 534 the Seawell the Well Enhancer and the Skandi Constructor which is a chartered vessel. The Robotics segment operates four chartered vessels and also includes ROVs trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Company’s Production Facilities segment which include the Helix Producer I (HP I) which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

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