Woodside Energy Group (NYSE:WDS) Sees Large Volume Increase - Here's What Happened

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) shares saw an uptick in trading volume on Tuesday . 2,526,043 shares traded hands during mid-day trading, an increase of 162% from the previous session's volume of 965,781 shares.The stock last traded at $16.45 and had previously closed at $16.61.

Analyst Upgrades and Downgrades

A number of research firms have commented on WDS. Macquarie lowered shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Woodside Energy Group Price Performance

The company has a market cap of $31.36 billion, a price-to-earnings ratio of 20.16 and a beta of 0.63. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The company's fifty day moving average price is $13.72 and its two-hundred day moving average price is $14.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its holdings in Woodside Energy Group by 23.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,560 shares of the company's stock worth $198,000 after purchasing an additional 2,425 shares during the last quarter. Rhumbline Advisers boosted its holdings in Woodside Energy Group by 3.1% during the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock worth $681,000 after purchasing an additional 1,314 shares during the last quarter. Ieq Capital LLC boosted its holdings in Woodside Energy Group by 20.5% during the fourth quarter. Ieq Capital LLC now owns 12,256 shares of the company's stock worth $191,000 after purchasing an additional 2,084 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in Woodside Energy Group by 34.1% during the fourth quarter. Cromwell Holdings LLC now owns 5,957 shares of the company's stock worth $93,000 after purchasing an additional 1,515 shares during the last quarter. Finally, WESPAC Advisors LLC boosted its holdings in Woodside Energy Group by 65.7% during the fourth quarter. WESPAC Advisors LLC now owns 44,540 shares of the company's stock worth $695,000 after purchasing an additional 17,666 shares during the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Company 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.

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