Woodside Energy Group (NYSE:WDS) Trading Down 3.2% – Time to Sell?

Woodside Energy Group Ltd (NYSE:WDS) shares dropped 3.2% during trading on Thursday . The stock traded as low as $14.93 and last traded at $14.9550. Approximately 198,599 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 841,002 shares. The stock had previously closed at $15.45.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on WDS. Wall Street Zen downgraded Woodside Energy Group from a “hold” rating to a “sell” rating in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Woodside Energy Group currently has an average rating of “Moderate Buy”.

Woodside Energy Group Trading Down 5.5%

The stock has a 50-day simple moving average of $16.12 and a 200 day simple moving average of $16.17. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31.

Institutional Trading of Woodside Energy Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Kornitzer Capital Management Inc. KS grew its position in shares of Woodside Energy Group by 1.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company’s stock valued at $656,000 after purchasing an additional 643 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Woodside Energy Group by 38.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after buying an additional 646 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Woodside Energy Group by 3.0% in the third quarter. Savant Capital LLC now owns 24,408 shares of the company’s stock worth $367,000 after acquiring an additional 701 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Woodside Energy Group by 21.9% in the second quarter. NewEdge Advisors LLC now owns 4,171 shares of the company’s stock valued at $64,000 after acquiring an additional 750 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Woodside Energy Group by 17.6% during the second quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company’s stock valued at $81,000 after acquiring an additional 781 shares during the last quarter. Hedge funds and other institutional investors 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.