Summit Global Investments Sells 248,353 Shares of Woodside Energy Group Ltd (NYSE:WDS)

Summit Global Investments cut its position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 73.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,932 shares of the company's stock after selling 248,353 shares during the period. Summit Global Investments' holdings in Woodside Energy Group were worth $1,332,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WDS. Huntington National Bank grew its position in Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after acquiring an additional 1,433 shares during the period. Greenline Partners LLC bought a new stake in Woodside Energy Group in the fourth quarter valued at $30,000. R Squared Ltd bought a new stake in Woodside Energy Group in the fourth quarter valued at $30,000. Addison Advisors LLC grew its position in Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock valued at $31,000 after acquiring an additional 1,674 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Woodside Energy Group by 201.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock valued at $54,000 after acquiring an additional 2,379 shares during the period. 3.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup raised Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Macquarie lowered Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Woodside Energy Group Stock Up 1.2%

Shares of Woodside Energy Group stock traded up $0.17 during trading hours on Wednesday, reaching $14.69. 292,660 shares of the company's stock were exchanged, compared to its average volume of 951,535. The stock has a market cap of $27.89 billion, a P/E ratio of 17.91 and a beta of 0.61. The company has a 50 day moving average of $13.31 and a two-hundred day moving average of $14.65. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group Ltd has a fifty-two week low of $11.26 and a fifty-two week high of $20.17.

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.