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

Massachusetts Financial Services Co. MA increased its stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 24.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 247,444 shares of the company's stock after buying an additional 49,373 shares during the period. Massachusetts Financial Services Co. MA's holdings in Woodside Energy Group were worth $3,585,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WDS. Huntington National Bank boosted its holdings in Woodside Energy Group by 482.5% in the 4th quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after purchasing an additional 1,433 shares during the period. Greenline Partners LLC bought a new stake in Woodside Energy Group in the 4th quarter valued at about $30,000. Bessemer Group Inc. boosted its holdings in Woodside Energy Group by 135.6% in the 4th quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock valued at $56,000 after purchasing an additional 2,074 shares during the period. Parvin Asset Management LLC bought a new stake in Woodside Energy Group in the 4th quarter valued at about $94,000. Finally, NewEdge Advisors LLC boosted its holdings in Woodside Energy Group by 679.8% in the 4th quarter. NewEdge Advisors LLC now owns 6,683 shares of the company's stock valued at $104,000 after purchasing an additional 5,826 shares during the period. Institutional investors own 3.17% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Macquarie downgraded shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Five equities research 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 company's stock. According to data from MarketBeat.com, Woodside Energy Group currently has a consensus rating of "Hold".

Woodside Energy Group Trading Up 2.7%

Shares of WDS traded up $0.45 during trading hours on Wednesday, hitting $16.79. 750,246 shares of the stock were exchanged, compared to its average volume of 949,621. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $18.44. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.29 and a quick ratio of 1.17. The business has a 50-day moving average of $15.33 and a 200-day moving average of $14.71. The firm has a market capitalization of $31.87 billion, a P/E ratio of 20.47 and a beta of 0.64.

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.