Woodside Energy Group (NYSE:WDS) Reaches New 1-Year High – What’s Next?

Woodside Energy Group Ltd (NYSE:WDS) hit a new 52-week high during trading on Thursday . The company traded as high as $18.12 and last traded at $17.6280, with a volume of 301003 shares changing hands. The stock had previously closed at $17.42.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on WDS shares. Wall Street Zen raised shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. The business has a fifty day moving average of $16.06 and a 200 day moving average of $16.21.

Institutional Trading of Woodside Energy Group

Several institutional investors and hedge funds have recently bought and sold shares of WDS. Vise Technologies Inc. acquired a new stake in shares of Woodside Energy Group in the second quarter valued at $325,000. Callan Family Office LLC purchased a new stake in shares of Woodside Energy Group during the second quarter worth approximately $675,000. Abel Hall LLC acquired a new stake in Woodside Energy Group in the second quarter valued at approximately $650,000. Sequoia Financial Advisors LLC lifted its stake in Woodside Energy Group by 295.7% in the second quarter. Sequoia Financial Advisors LLC now owns 50,963 shares of the company’s stock worth $786,000 after acquiring an additional 38,083 shares during the last quarter. Finally, Hourglass Capital LLC grew its holdings in Woodside Energy Group by 15.1% during the 2nd quarter. Hourglass Capital LLC now owns 310,814 shares of the company’s stock worth $4,796,000 after acquiring an additional 40,704 shares in the last quarter. 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.