Natixis Advisors LLC Sells 297,725 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Key Points

• Natixis Advisors LLC reduced its stake in Woodside Energy Group Ltd by 16.8%, selling 297,725 shares, and now owns 1,477,034 shares valued at approximately $21.4 million.
• Recent institutional activity includes Huntington National Bank increasing its position by 482.5% and NewEdge Advisors LLC raising its position by 679.8%, indicating growing interest among investors.
• Analyst ratings for Woodside Energy Group vary, with five analysts giving a hold rating, one a buy rating, and one a strong buy rating, resulting in a consensus rating of "Hold."

Natixis Advisors LLC trimmed its position in Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 16.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,477,034 shares of the company's stock after selling 297,725 shares during the period. Natixis Advisors LLC owned 0.08% of Woodside Energy Group worth $21,402,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp raised its holdings in shares of Woodside Energy Group by 713.0% during the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock valued at $16,993,000 after buying an additional 955,303 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Woodside Energy Group by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock worth $13,315,000 after purchasing an additional 42,172 shares during the last quarter. First Trust Advisors LP lifted its stake in Woodside Energy Group by 28.9% in the fourth quarter. First Trust Advisors LP now owns 702,363 shares of the company's stock worth $10,957,000 after purchasing an additional 157,618 shares during the last quarter. Marshall Wace LLP bought a new stake in Woodside Energy Group in the fourth quarter worth $7,809,000. Finally, Raymond James Financial Inc. bought a new stake in Woodside Energy Group in the fourth quarter worth $6,554,000. 3.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Woodside Energy Group Trading Up 0.7%

Shares of NYSE:WDS traded up $0.12 during midday trading on Wednesday, hitting $17.33. 392,963 shares of the stock traded hands, compared to its average volume of 923,329. The stock has a market capitalization of $32.91 billion, a PE ratio of 21.12 and a beta of 0.67. The business's 50 day moving average is $15.89 and its two-hundred day moving average is $14.77. The company has a quick ratio of 1.17, a current ratio of 1.29 and a debt-to-equity ratio of 0.25. Woodside Energy Group Ltd has a one year low of $11.26 and a one year high of $18.44.

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.