Barometer Capital Management Inc. Makes New $1.59 Million Investment in Woodside Energy Group Ltd $WDS

Barometer Capital Management Inc. purchased a new stake in Woodside Energy Group Ltd (NYSE:WDS) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 66,800 shares of the company’s stock, valued at approximately $1,595,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Morgan Stanley raised its position in shares of Woodside Energy Group by 32.3% in the fourth quarter. Morgan Stanley now owns 4,539,156 shares of the company’s stock valued at $70,765,000 after buying an additional 1,108,540 shares in the last quarter. UBS Group AG raised its stake in 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 purchasing an additional 968,707 shares in the last quarter. Millennium Management LLC lifted its position in Woodside Energy Group by 3,532.4% during the fourth quarter. Millennium Management LLC now owns 735,455 shares of the company’s stock worth $11,466,000 after purchasing an additional 715,208 shares during the period. Bank of Montreal Can bought a new stake in Woodside Energy Group during the fourth quarter worth about $7,301,000. Finally, Jane Street Group LLC grew its stake in Woodside Energy Group by 192.8% during the fourth quarter. Jane Street Group LLC now owns 638,474 shares of the company’s stock worth $9,954,000 after buying an additional 420,412 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Stock Performance

WDS stock opened at $22.23 on Wednesday. The firm has a 50-day moving average price of $21.13 and a 200-day moving average price of $20.74. Woodside Energy Group Ltd has a 12 month low of $14.27 and a 12 month high of $25.19. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.59 and a quick ratio of 1.46.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Woodside Energy Group 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.