Associated Banc Corp Lowers Stake in Woodside Energy Group Ltd $WDS

Associated Banc Corp cut its stake in Woodside Energy Group Ltd (NYSE:WDS) by 46.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,214 shares of the company’s stock after selling 77,168 shares during the period. Associated Banc Corp’s holdings in Woodside Energy Group were worth $1,361,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its holdings in shares of Woodside Energy Group by 11.4% in the 1st quarter. Raymond James Financial Inc. now owns 467,962 shares of the company’s stock worth $6,781,000 after purchasing an additional 47,804 shares in the last quarter. Jane Street Group LLC lifted its stake in Woodside Energy Group by 648.0% in the first quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock worth $5,555,000 after purchasing an additional 332,125 shares during the last quarter. Hourglass Capital LLC boosted its position in Woodside Energy Group by 15.1% during the second quarter. Hourglass Capital LLC now owns 310,814 shares of the company’s stock valued at $4,796,000 after buying an additional 40,704 shares during the period. ABC Arbitrage SA grew its stake in shares of Woodside Energy Group by 1,199.9% during the second quarter. ABC Arbitrage SA now owns 295,923 shares of the company’s stock valued at $4,566,000 after buying an additional 273,158 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Woodside Energy Group by 60.1% in the second quarter. Creative Planning now owns 186,548 shares of the company’s stock worth $2,878,000 after buying an additional 69,999 shares during the period. Institutional investors own 3.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WDS shares. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Woodside Energy Group has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

Shares of Woodside Energy Group stock opened at $16.23 on Wednesday. Woodside Energy Group Ltd has a 1 year low of $11.26 and a 1 year high of $17.70. The company has a 50-day moving average of $15.76 and a 200 day moving average of $15.93. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31.

About Woodside Energy Group

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.