Woodside Energy Group Ltd (NYSE:WDS) Shares Purchased by Forum Financial Management LP

Forum Financial Management LP boosted its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 181.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,556 shares of the company's stock after purchasing an additional 47,465 shares during the period. Forum Financial Management LP's holdings in Woodside Energy Group were worth $1,147,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WDS. Northern Trust Corp grew its stake in shares of Woodside Energy Group by 713.0% during the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after acquiring an additional 955,303 shares in the last quarter. Marshall Wace LLP acquired a new position in Woodside Energy Group in the fourth quarter worth about $7,809,000. Raymond James Financial Inc. acquired a new position in Woodside Energy Group in the fourth quarter worth about $6,554,000. Voloridge Investment Management LLC acquired a new position in Woodside Energy Group in the fourth quarter worth about $5,388,000. Finally, Summit Global Investments acquired a new position in Woodside Energy Group in the fourth quarter worth about $5,308,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WDS has been the subject of a number of research reports. Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Finally, Bank of America raised shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold".

Woodside Energy Group Price Performance

NYSE:WDS traded up $0.25 during midday trading on Wednesday, hitting $14.26. 609,666 shares of the stock were exchanged, compared to its average volume of 953,585. Woodside Energy Group Ltd has a one year low of $11.26 and a one year high of $20.17. The company has a market capitalization of $27.08 billion, a price-to-earnings ratio of 17.39 and a beta of 0.61. The business has a 50-day moving average price of $13.33 and a two-hundred day moving average price of $14.68. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13.

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.