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

Bank of America Corp DE reduced its position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 50.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 518,019 shares of the company's stock after selling 531,049 shares during the period. Bank of America Corp DE's holdings in Woodside Energy Group were worth $8,081,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WDS. Northern Trust Corp lifted its holdings in shares of Woodside Energy Group by 713.0% during the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock worth $16,993,000 after acquiring an additional 955,303 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Woodside Energy Group by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock worth $13,315,000 after acquiring an additional 42,172 shares during the last quarter. Summit Global Investments bought a new stake in shares of Woodside Energy Group during the 4th quarter worth $5,308,000. Rhumbline Advisers lifted its holdings in shares of Woodside Energy Group by 3.1% during the 4th quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock worth $681,000 after acquiring an additional 1,314 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Woodside Energy Group during the 4th quarter worth $6,554,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on WDS shares. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Macquarie downgraded shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Woodside Energy Group Stock Performance

Shares of NYSE WDS traded down $0.16 during midday trading on Friday, hitting $14.38. 188,971 shares of the stock traded hands, compared to its average volume of 934,566. The firm has a 50-day moving average of $13.33 and a two-hundred day moving average of $14.67. The firm has a market capitalization of $27.30 billion, a P/E ratio of 17.54 and a beta of 0.61. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group Ltd has a one year low of $11.26 and a one year high of $20.17.

Woodside Energy Group Company 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.