Allworth Financial LP Cuts Stake in Woodside Energy Group Ltd (NYSE:WDS)

Allworth Financial LP lessened its position in Woodside Energy Group Ltd (NYSE:WDS) by 28.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,994 shares of the company’s stock after selling 802 shares during the period. Allworth Financial LP’s holdings in Woodside Energy Group were worth $29,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank raised its holdings in Woodside Energy Group by 482.5% during the fourth quarter. Huntington National Bank now owns 1,730 shares of the company’s stock worth $27,000 after purchasing an additional 1,433 shares in the last quarter. Greenline Partners LLC purchased a new stake in Woodside Energy Group in the 4th quarter valued at approximately $30,000. Bessemer Group Inc. increased its position in Woodside Energy Group by 135.6% during the 4th quarter. Bessemer Group Inc. now owns 3,603 shares of the company’s stock worth $56,000 after purchasing an additional 2,074 shares during the period. Parvin Asset Management LLC purchased a new position in shares of Woodside Energy Group during the 4th quarter worth approximately $94,000. Finally, NewEdge Advisors LLC raised its stake in shares of Woodside Energy Group by 679.8% during the 4th quarter. NewEdge Advisors LLC now owns 6,683 shares of the company’s stock worth $104,000 after buying an additional 5,826 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Analyst Upgrades and Downgrades

WDS has been the topic of a number of analyst reports. Macquarie downgraded Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 8th. CLSA raised shares of Woodside Energy Group to a “strong-buy” rating in a research note on Tuesday, June 24th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group has an average rating of “Hold”.

Woodside Energy Group Trading Down 0.8%

Shares of WDS stock opened at $15.77 on Friday. The stock has a market cap of $29.94 billion, a P/E ratio of 19.23 and a beta of 0.64. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $19.55. The business has a fifty day simple moving average of $15.18 and a 200-day simple moving average of $14.70.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.