Bank of America Corp DE Decreases Position in Woodside Energy Group Ltd (NYSE:WDS)

Bank of America Corp DE reduced its holdings in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 50.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 518,019 shares of the company's stock after selling 531,049 shares during the quarter. Bank of America Corp DE's holdings in Woodside Energy Group were worth $8,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after purchasing an additional 1,433 shares during the last quarter. R Squared Ltd acquired a new position in Woodside Energy Group in the fourth quarter valued at $30,000. Addison Advisors LLC increased its stake in Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock valued at $31,000 after purchasing an additional 1,674 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Woodside Energy Group by 201.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock valued at $54,000 after purchasing an additional 2,379 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in Woodside Energy Group by 135.6% in the fourth quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock valued at $56,000 after purchasing an additional 2,074 shares during the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WDS. Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Finally, Macquarie lowered Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Woodside Energy Group currently has an average rating of "Hold".

Woodside Energy Group Trading Up 1.8%

NYSE:WDS traded up $0.25 on Wednesday, hitting $14.26. 609,666 shares of the stock were exchanged, compared to its average volume of 953,429. The stock has a market cap of $27.08 billion, a PE ratio of 17.39 and a beta of 0.61. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $13.33 and a 200-day moving average of $14.68. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17.

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.