Woodside Energy Group (NYSE:WDS) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) saw strong trading volume on Tuesday . 2,526,043 shares traded hands during 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 Ratings Changes

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

Woodside Energy Group Price Performance

The stock has a market cap of $31.81 billion, a P/E ratio of 20.43 and a beta of 0.63. The business has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $14.63. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank increased its position in Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after purchasing an additional 1,433 shares during the period. Greenline Partners LLC bought a new stake in shares of Woodside Energy Group in the 4th quarter valued at $30,000. Geneos Wealth Management Inc. increased its position 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 buying an additional 1,102 shares during the period. Addison Advisors LLC increased its position in shares of Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock worth $31,000 after buying an additional 1,674 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Woodside Energy Group by 201.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock worth $54,000 after buying an additional 2,379 shares during the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

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.