Woodside Energy Group (NYSE:WDS) Shares Up 1.4% – What’s Next?

Shares of Woodside Energy Group Ltd (NYSE:WDS) rose 1.4% on Wednesday . The company traded as high as $22.39 and last traded at $22.0250. Approximately 1,020,692 shares changed hands during trading, an increase of 64% from the average daily volume of 622,797 shares. The stock had previously closed at $21.72.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Woodside Energy Group in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Woodside Energy Group Stock Performance

The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.28. The company’s 50 day simple moving average is $22.87 and its 200 day simple moving average is $19.86.

Insider Buying and Selling

In other Woodside Energy Group news, insider Mark Anthony Abbotsford sold 7,500 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $24.06, for a total value of $180,450.00. Following the transaction, the insider directly owned 24,467 shares in the company, valued at $588,676.02. This represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Woodside Energy Group

Several hedge funds have recently added to or reduced their stakes in WDS. Barometer Capital Management Inc. boosted its holdings in shares of Woodside Energy Group by 71.7% in the third quarter. Barometer Capital Management Inc. now owns 129,306 shares of the company’s stock valued at $1,946,000 after acquiring an additional 54,000 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Woodside Energy Group by 63.5% in the third quarter. JPMorgan Chase & Co. now owns 109,312 shares of the company’s stock valued at $1,645,000 after acquiring an additional 42,472 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $418,000. UBS Group AG boosted its holdings in shares of Woodside Energy Group by 381.1% in the fourth quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock valued at $19,065,000 after acquiring an additional 968,707 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $624,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Company Profile

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.