Woodside Energy Group (NYSE:WDS) Sets New 52-Week High – Time to Buy?

Woodside Energy Group Ltd (NYSE:WDS)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $18.12 and last traded at $17.6280, with a volume of 301003 shares changing hands. The stock had previously closed at $17.42.

Analyst Ratings Changes

Several analysts have issued reports on WDS shares. Wall Street Zen upgraded Woodside Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Woodside Energy Group presently has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

The business’s 50 day moving average is $16.10 and its 200 day moving average is $16.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74.

Institutional Investors Weigh In On Woodside Energy Group

Large investors have recently made changes to their positions in the company. UBS Group AG increased its position in Woodside Energy Group by 381.1% during the fourth quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock worth $19,065,000 after buying an additional 968,707 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Woodside Energy Group by 33.4% during the 2nd quarter. Jane Street Group LLC now owns 511,605 shares of the company’s stock worth $7,894,000 after acquiring an additional 128,226 shares in the last quarter. ABC Arbitrage SA increased its holdings in shares of Woodside Energy Group by 6.7% during the 3rd quarter. ABC Arbitrage SA now owns 315,639 shares of the company’s stock valued at $4,750,000 after acquiring an additional 19,716 shares during the last quarter. Hourglass Capital LLC raised its stake in shares of Woodside Energy Group by 15.1% in the 2nd quarter. Hourglass Capital LLC now owns 310,814 shares of the company’s stock valued at $4,796,000 after acquiring an additional 40,704 shares in the last quarter. Finally, Creative Planning lifted its holdings in Woodside Energy Group by 33.3% in the 3rd quarter. Creative Planning now owns 248,636 shares of the company’s stock worth $3,742,000 after purchasing an additional 62,088 shares during the last quarter. Institutional investors own 3.17% of the company’s stock.

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.