Woodside Energy Group Ltd (NYSE:WDS) Stock Position Cut by Millennium Management LLC

Millennium Management LLC cut its position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 394,267 shares of the company's stock after selling 87,371 shares during the quarter. Millennium Management LLC's holdings in Woodside Energy Group were worth $6,151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank boosted its position in shares of Woodside Energy Group by 482.5% in 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 during the last quarter. Greenline Partners LLC acquired a new stake in shares of Woodside Energy Group in the fourth quarter worth approximately $30,000. R Squared Ltd acquired a new stake in shares of Woodside Energy Group in the fourth quarter worth approximately $30,000. Addison Advisors LLC boosted its position in shares of Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock worth $31,000 after acquiring an additional 1,674 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Woodside Energy Group by 201.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock worth $54,000 after acquiring an additional 2,379 shares during the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Woodside Energy Group has a consensus rating of "Hold".

Woodside Energy Group Stock Performance

Woodside Energy Group stock traded down $0.21 during midday trading on Friday, reaching $14.33. 669,275 shares of the stock traded hands, compared to its average volume of 953,864. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The firm has a market cap of $27.21 billion, a price-to-earnings ratio of 17.48 and a beta of 0.61. The firm has a fifty day moving average price of $13.33 and a two-hundred day moving average price of $14.66.

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.