Cedar Wealth Management LLC Buys New Position in Woodside Energy Group Ltd (NYSE:WDS)

Key Points

• Cedar Wealth Management LLC has purchased a new stake in Woodside Energy Group Ltd, acquiring 25,923 shares valued at approximately $376,000.
• Woodside Energy Group's stock is currently trading at $16.86, with a 1-year price range between $11.26 and $18.44.
• Analysts have mixed ratings on the stock, with one showing a "strong-buy" rating and several others rating it as a hold, indicating a consensus rating of "Hold."

Cedar Wealth Management LLC bought a new stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,923 shares of the company's stock, valued at approximately $376,000.

Other large investors also recently added to or reduced their stakes in the company. Mission Wealth Management LP lifted its holdings in Woodside Energy Group by 8.9% during the first quarter. Mission Wealth Management LP now owns 12,692 shares of the company's stock valued at $184,000 after purchasing an additional 1,042 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Woodside Energy Group by 10.1% during the first quarter. Cullen Frost Bankers Inc. now owns 12,164 shares of the company's stock valued at $176,000 after purchasing an additional 1,119 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Woodside Energy Group by 2.1% in the fourth quarter. Sei Investments Co. now owns 56,689 shares of the company's stock worth $884,000 after buying an additional 1,153 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Woodside Energy Group by 10.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,434 shares of the company's stock worth $194,000 after buying an additional 1,155 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Woodside Energy Group by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 36,997 shares of the company's stock worth $577,000 after buying an additional 1,417 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Price Performance

WDS stock opened at $16.86 on Friday. Woodside Energy Group Ltd has a one year low of $11.26 and a one year high of $18.44. The company's fifty day moving average price is $15.76 and its 200-day moving average price is $14.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.29. The company has a market capitalization of $32.01 billion, a PE ratio of 20.56 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on WDS shares. CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a report on Tuesday, June 24th. Macquarie downgraded shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

About Woodside Energy Group

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.

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