Woodside Energy Group (NYSE:WDS) Shares Up 4.2% - What's Next?

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report)'s share price rose 4.2% during mid-day trading on Friday . The company traded as high as $16.14 and last traded at $16.11. Approximately 336,852 shares were traded during trading, a decline of 65% from the average daily volume of 950,868 shares. The stock had previously closed at $15.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WDS shares. Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

Woodside Energy Group Stock Up 2.1%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The stock has a market cap of $31.59 billion, a price-to-earnings ratio of 20.29 and a beta of 0.63. The firm has a 50 day simple moving average of $13.61 and a two-hundred day simple moving average of $14.59.

Institutional Trading of Woodside Energy Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank grew its holdings in Woodside Energy Group by 482.5% during the fourth 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 position in shares of Woodside Energy Group during the fourth quarter worth $30,000. Addison Advisors LLC boosted 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 purchasing an additional 1,674 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock valued at $30,000 after buying an additional 1,102 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Woodside Energy Group by 201.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock valued at $54,000 after buying an additional 2,379 shares in the last quarter. 3.17% of the stock is owned by institutional investors.

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.