Massachusetts Financial Services Co. MA Purchases 49,373 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Massachusetts Financial Services Co. MA boosted its stake in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 24.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247,444 shares of the company's stock after purchasing an additional 49,373 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Woodside Energy Group were worth $3,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank raised its stake in Woodside Energy Group by 482.5% during the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after acquiring an additional 1,433 shares in the last quarter. Greenline Partners LLC acquired a new position in Woodside Energy Group during the fourth quarter worth about $30,000. Bessemer Group Inc. raised its stake in Woodside Energy Group by 135.6% during the fourth quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock worth $56,000 after acquiring an additional 2,074 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Woodside Energy Group during the fourth quarter worth about $94,000. Finally, NewEdge Advisors LLC raised its stake in Woodside Energy Group by 679.8% during the fourth quarter. NewEdge Advisors LLC now owns 6,683 shares of the company's stock worth $104,000 after acquiring an additional 5,826 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. CLSA raised Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Woodside Energy Group Trading Down 0.8%

WDS stock traded down $0.12 during trading on Friday, hitting $15.77. The company had a trading volume of 511,103 shares, compared to its average volume of 953,827. The stock has a market cap of $29.94 billion, a PE ratio of 19.23 and a beta of 0.64. Woodside Energy Group Ltd has a one year low of $11.26 and a one year high of $19.29. The business has a 50-day moving average of $15.18 and a 200-day moving average of $14.69. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

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.