ABC Arbitrage SA Invests $330,000 in Woodside Energy Group Ltd (NYSE:WDS)

Key Points

• ABC Arbitrage SA has invested approximately $330,000 in Woodside Energy Group Ltd by acquiring 22,765 shares in the first quarter.
• Other institutional investors, including Northern Trust Corp and First Trust Advisors LP, have significantly increased their stakes in Woodside Energy Group during the fourth quarter, highlighting strong institutional interest.
• Woodside Energy Group's stock currently holds a consensus rating of "Hold", with mixed ratings from various analysts, including one "strong-buy" recommendation.

ABC Arbitrage SA bought a new position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,765 shares of the company's stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WDS. Northern Trust Corp increased its stake in shares of Woodside Energy Group by 713.0% in the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after purchasing an additional 955,303 shares in the last quarter. Marshall Wace LLP acquired a new stake in Woodside Energy Group in the fourth quarter valued at approximately $7,809,000. Raymond James Financial Inc. purchased a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $6,554,000. Voloridge Investment Management LLC acquired a new position in shares of Woodside Energy Group during the 4th quarter worth approximately $5,388,000. Finally, First Trust Advisors LP lifted its position in shares of Woodside Energy Group by 28.9% during the 4th quarter. First Trust Advisors LP now owns 702,363 shares of the company's stock valued at $10,957,000 after buying an additional 157,618 shares in the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

Woodside Energy Group Price Performance

NYSE:WDS traded up $0.02 during trading hours on Friday, hitting $17.43. 562,384 shares of the stock were exchanged, compared to its average volume of 631,683. The firm's fifty day moving average price is $16.07 and its 200 day moving average price is $14.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.29 and a quick ratio of 1.17. Woodside Energy Group Ltd has a 52-week low of $11.26 and a 52-week high of $18.44.

Wall Street Analysts Forecast Growth

Separately, CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Woodside Energy Group presently has a consensus rating of "Hold".

Woodside Energy Group 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.