Hourglass Capital LLC Increases Holdings in Woodside Energy Group Ltd (NYSE:WDS)

Hourglass Capital LLC increased its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,110 shares of the company's stock after purchasing an additional 43,861 shares during the quarter. Hourglass Capital LLC's holdings in Woodside Energy Group were worth $3,914,000 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. Crossmark Global Holdings Inc. acquired a new stake in shares of Woodside Energy Group during the first quarter worth $470,000. Callan Capital LLC acquired a new position in shares of Woodside Energy Group during the 1st quarter valued at about $237,000. Bank of New York Mellon Corp increased its stake in shares of Woodside Energy Group by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 82,004 shares of the company's stock valued at $1,188,000 after acquiring an additional 12,843 shares during the last quarter. Nichols & Pratt Advisers LLP MA lifted its holdings in shares of Woodside Energy Group by 23.7% during the 1st quarter. Nichols & Pratt Advisers LLP MA now owns 157,845 shares of the company's stock worth $2,288,000 after acquiring an additional 30,266 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Woodside Energy Group by 22.6% in the first quarter. Oppenheimer & Co. Inc. now owns 70,206 shares of the company's stock worth $1,017,000 after acquiring an additional 12,963 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Trading Up 0.5%

Shares of NYSE:WDS traded up $0.09 during trading on Friday, reaching $15.89. 412,516 shares of the stock were exchanged, compared to its average volume of 956,861. The firm's 50-day moving average price is $14.91 and its 200 day moving average price is $14.68. The firm has a market cap of $30.16 billion, a price-to-earnings ratio of 19.37 and a beta of 0.64. Woodside Energy Group Ltd has a 12-month low of $11.26 and a 12-month high of $20.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.29.

Wall Street Analysts Forecast Growth

WDS has been the subject of several research analyst reports. CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average 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.