Associated Banc Corp Decreases Stock Position in Woodside Energy Group Ltd (NYSE:WDS)

Key Points

• Associated Banc Corp has reduced its holdings in Woodside Energy Group Ltd by 72.2%, owning 165,382 shares after selling 429,768 shares during the first quarter.
• In contrast, other investors such as Huntington National Bank and NewEdge Advisors LLC significantly increased their positions, with Huntington boosting its holdings by 482.5%.
• Currently, Woodside Energy Group shares have a consensus rating of "Hold", with analysts' opinions varying from "strong-buy" to "hold."

Associated Banc Corp lowered its holdings in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) by 72.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,382 shares of the company's stock after selling 429,768 shares during the quarter. Associated Banc Corp's holdings in Woodside Energy Group were worth $2,396,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WDS. Huntington National Bank increased its holdings 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 purchasing an additional 1,433 shares during the last quarter. Greenline Partners LLC purchased a new position in Woodside Energy Group during the 4th quarter valued at approximately $30,000. Bessemer Group Inc. increased its stake in Woodside Energy Group by 135.6% in the 4th quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock worth $56,000 after acquiring an additional 2,074 shares during the last quarter. Parvin Asset Management LLC purchased a new stake in shares of Woodside Energy Group during the 4th quarter worth approximately $94,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Woodside Energy Group by 679.8% during the 4th quarter. NewEdge Advisors LLC now owns 6,683 shares of the company's stock worth $104,000 after acquiring an additional 5,826 shares in the last quarter. Institutional investors own 3.17% of the company's stock.

Woodside Energy Group Price Performance

Shares of NYSE WDS traded up $0.12 during mid-day trading on Thursday, hitting $17.41. 540,253 shares of the company's stock traded hands, compared to its average volume of 619,003. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.29 and a quick ratio of 1.17. Woodside Energy Group Ltd has a 1 year low of $11.26 and a 1 year high of $18.44. The company's 50-day moving average is $15.95 and its two-hundred day moving average is $14.79. The company has a market capitalization of $33.05 billion, a P/E ratio of 21.23 and a beta of 0.67.

Analyst Ratings Changes

Separately, CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a report on Tuesday, June 24th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Woodside Energy Group presently has an average rating of "Hold".

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.