Woodside Energy Group (NYSE:WDS) Sets New 12-Month Low – Time to Sell?

Shares of Woodside Energy Group Ltd (NYSE:WDS) hit a new 52-week low during trading on Wednesday . The company traded as low as $14.82 and last traded at $14.82, with a volume of 437474 shares traded. The stock had previously closed at $14.91.

Wall Street Analyst Weigh In

WDS has been the subject of a number of research reports. Sanford C. Bernstein downgraded Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 20th. Citigroup downgraded Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley downgraded Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Woodside Energy Group Stock Down 3.6 %

The stock has a fifty day moving average of $15.98 and a two-hundred day moving average of $17.22. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Woodside Energy Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WDS. Nichols & Pratt Advisers LLP MA increased its stake in shares of Woodside Energy Group by 0.4% in the 2nd quarter. Nichols & Pratt Advisers LLP MA now owns 258,480 shares of the company’s stock valued at $4,862,000 after buying an additional 1,031 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Woodside Energy Group by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 55,669 shares of the company’s stock worth $1,047,000 after purchasing an additional 5,422 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Woodside Energy Group by 27.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,898 shares of the company’s stock worth $111,000 after purchasing an additional 1,275 shares during the period. Whittier Trust Co. grew its stake in shares of Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after purchasing an additional 615 shares during the period. Finally, Signaturefd LLC grew its stake in shares of Woodside Energy Group by 13.2% during the second quarter. Signaturefd LLC now owns 55,468 shares of the company’s stock worth $1,043,000 after purchasing an additional 6,484 shares during the period. 3.17% of the stock is owned by institutional investors and hedge funds.

About Woodside Energy Group

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.