Woodside Energy Group (NYSE:WDS) Trading Up 1.4% – What’s Next?
by Sarita Garza · The Markets DailyShares of Woodside Energy Group Ltd (NYSE:WDS – Get Free Report) were up 1.4% on Wednesday . The company traded as high as $22.39 and last traded at $22.0250. Approximately 1,020,692 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 622,797 shares. The stock had previously closed at $21.72.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.
Check Out Our Latest Research Report on WDS
Woodside Energy Group Stock Performance
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59. The business has a 50-day moving average price of $22.81 and a 200-day moving average price of $19.92.
Insider Activity
In other news, insider Mark Anthony Abbotsford sold 7,500 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $24.06, for a total transaction of $180,450.00. Following the transaction, the insider owned 24,467 shares of the company’s stock, valued at approximately $588,676.02. This represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company’s stock.
Hedge Funds Weigh In On Woodside Energy Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. Arax Advisory Partners grew its position in shares of Woodside Energy Group by 257.0% during the 4th quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock worth $26,000 after buying an additional 1,195 shares in the last quarter. EFG International AG bought a new position in shares of Woodside Energy Group during the 4th quarter worth $32,000. Geneos Wealth Management Inc. grew its position in shares of Woodside Energy Group by 111.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after buying an additional 1,102 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Woodside Energy Group during the 4th quarter worth $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Woodside Energy Group by 38.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after buying an additional 646 shares in the last quarter. Institutional investors own 3.17% of the company’s stock.
About Woodside Energy Group
Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.
Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.