Woodside Energy Group Ltd (NYSE:WDS) Short Interest Update

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 2,320,000 shares, an increase of 31.8% from the April 30th total of 1,760,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 2.2 days.

Analysts Set New Price Targets

WDS has been the subject of a number of research analyst reports. Citigroup raised Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Woodside Energy Group Stock Up 1.6%

Shares of WDS stock traded up $0.23 during trading hours on Thursday, reaching $14.85. 742,186 shares of the company's stock were exchanged, compared to its average volume of 953,140. Woodside Energy Group has a 1 year low of $11.26 and a 1 year high of $20.17. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The stock has a market cap of $28.19 billion, a PE ratio of 18.11 and a beta of 0.63. The stock's fifty day moving average price is $13.31 and its two-hundred day moving average price is $14.65.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Huntington National Bank increased its holdings in Woodside Energy Group by 482.5% in the 4th quarter. Huntington National Bank now owns 1,730 shares of the company's stock worth $27,000 after buying an additional 1,433 shares during the period. R Squared Ltd purchased a new stake in shares of Woodside Energy Group in the 4th quarter valued at $30,000. Greenline Partners LLC acquired a new stake in shares of Woodside Energy Group in the fourth quarter worth $30,000. Geneos Wealth Management Inc. raised 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 worth $30,000 after purchasing an additional 1,102 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock valued at $31,000 after purchasing an additional 1,674 shares during the period. 3.17% of the stock is owned by institutional investors and hedge funds.

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.