Woodside Energy Group Ltd (NYSE:WDS) Shares Bought by Confluence Investment Management LLC

Confluence Investment Management LLC grew its holdings in Woodside Energy Group Ltd (NYSE:WDS) by 3.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,698 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Confluence Investment Management LLC’s holdings in Woodside Energy Group were worth $465,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of Woodside Energy Group in the first quarter valued at approximately $222,000. Tidal Investments LLC purchased a new position in shares of Woodside Energy Group during the first quarter valued at approximately $272,000. Bayesian Capital Management LP purchased a new position in shares of Woodside Energy Group during the first quarter valued at approximately $557,000. Silvercrest Asset Management Group LLC lifted its stake in shares of Woodside Energy Group by 18.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 64,151 shares of the company’s stock valued at $1,281,000 after buying an additional 10,171 shares during the period. Finally, Earnest Partners LLC lifted its stake in shares of Woodside Energy Group by 13.5% during the first quarter. Earnest Partners LLC now owns 217,419 shares of the company’s stock valued at $4,342,000 after buying an additional 25,880 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Macquarie raised shares of Woodside Energy Group to a “strong-buy” rating in a research note on Sunday, June 23rd.

Woodside Energy Group Price Performance

NYSE:WDS traded down $0.36 during trading hours on Monday, reaching $17.06. 433,420 shares of the company were exchanged, compared to its average volume of 938,030. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.03. Woodside Energy Group Ltd has a 52-week low of $16.71 and a 52-week high of $25.65. The stock has a 50 day simple moving average of $18.61 and a 200 day simple moving average of $19.20.

Woodside Energy Group 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.