Voloridge Investment Management LLC Buys Shares of 345,403 Woodside Energy Group Ltd (NYSE:WDS)

Voloridge Investment Management LLC acquired a new stake in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 345,403 shares of the company's stock, valued at approximately $5,388,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northern Trust Corp raised its position in Woodside Energy Group by 713.0% in the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock worth $16,993,000 after acquiring an additional 955,303 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 42,172 shares in the last quarter. Summit Global Investments bought a new stake in Woodside Energy Group in the fourth quarter worth about $5,308,000. Rhumbline Advisers raised its position in Woodside Energy Group by 3.1% in the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock worth $681,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Woodside Energy Group in the fourth quarter worth about $6,554,000. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Trading Up 2.1%

NYSE WDS traded up $0.31 on Thursday, hitting $14.57. 812,909 shares of the company were exchanged, compared to its average volume of 953,025. The company's 50 day moving average price is $13.33 and its 200-day moving average price is $14.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The firm has a market capitalization of $27.66 billion, a P/E ratio of 17.76 and a beta of 0.61. Woodside Energy Group Ltd has a twelve month low of $11.26 and a twelve month high of $20.17.

Wall Street Analyst Weigh In

WDS has been the topic of several research reports. Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Finally, Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".

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.