XY Capital Ltd Acquires New Position in Woodside Energy Group Ltd $WDS

Key Points

• XY Capital Ltd acquired 178,011 shares of Woodside Energy Group during the second quarter, valued at approximately $3.44 million. WDS now represents about 3.3% of the firm’s portfolio and is its eighth-largest holding.
• Several institutional investors increased their positions, including Jane Street, Geneos Wealth Management and JPMorgan Chase; institutional investors collectively own 3.17% of WDS.
• Analysts maintain a generally neutral outlook, with four Hold ratings and an average price target of $23.21. Shares opened at $24.16, near their 52-week high of $25.19.

XY Capital Ltd purchased a new position in shares of Woodside Energy Group Ltd (NYSE:WDS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 178,011 shares of the company's stock, valued at approximately $3,439,000. Woodside Energy Group accounts for about 3.3% of XY Capital Ltd's investment portfolio, making the stock its 8th biggest position.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC bought a new position in Woodside Energy Group during the 1st quarter worth $279,000. Jane Street Group LLC lifted its stake in Woodside Energy Group by 648.0% in the first quarter. Jane Street Group LLC now owns 383,379 shares of the company's stock valued at $5,555,000 after buying an additional 332,125 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock valued at $30,000 after acquiring an additional 1,102 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Woodside Energy Group by 4.4% during the second quarter. Cetera Investment Advisers now owns 42,025 shares of the company's stock valued at $648,000 after acquiring an additional 1,756 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Woodside Energy Group by 103.3% during the second quarter. JPMorgan Chase & Co. now owns 66,840 shares of the company's stock worth $1,031,000 after acquiring an additional 33,956 shares during the last quarter. Institutional investors own 3.17% of the company's stock.

Analysts Set New Price Targets

WDS has been the topic of a number of analyst reports. Needham & Company LLC began coverage on shares of Woodside Energy Group in a report on Tuesday, August 11th. They issued a "neutral" rating and a $23.21 price objective on the stock. Zacks Research raised shares of Woodside Energy Group to a "hold" rating in a research note on Tuesday, August 11th. Bank of America started coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $23.21 target price for the company. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Woodside Energy Group in a research note on Monday, June 8th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Woodside Energy Group has an average rating of "Hold" and an average target price of $23.21.

Woodside Energy Group Stock Up 1.1%

Shares of NYSE WDS opened at $24.16 on Friday. Woodside Energy Group Ltd has a fifty-two week low of $14.27 and a fifty-two week high of $25.19. The firm's 50-day simple moving average is $21.42 and its 200 day simple moving average is $21.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59.

Woodside Energy Group Company Profile

Woodside Energy Group NYSE: WDS is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company's activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside's operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.

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