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

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

Analysts Set New Price Targets

Several research analysts have weighed in on WDS shares. Citigroup lowered Woodside Energy Group from a “neutral” rating to a “sell” rating in a report on Wednesday, September 4th. Morgan Stanley lowered Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. Finally, Sanford C. Bernstein lowered Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Woodside Energy Group Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $15.98 and a 200-day moving average of $17.22.

Hedge Funds Weigh In On Woodside Energy Group

A number of institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of Woodside Energy Group by 92.2% in the third quarter. FMR LLC now owns 2,023,151 shares of the company’s stock valued at $34,879,000 after purchasing an additional 970,640 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Woodside Energy Group by 25.4% in the second quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock valued at $34,359,000 after buying an additional 369,994 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Woodside Energy Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock valued at $16,360,000 after buying an additional 6,267 shares during the period. Associated Banc Corp boosted its stake in shares of Woodside Energy Group by 0.6% in the third quarter. Associated Banc Corp now owns 842,490 shares of the company’s stock valued at $14,525,000 after buying an additional 5,067 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Woodside Energy Group by 10.6% in the second quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock valued at $9,506,000 after buying an additional 48,278 shares during the period. Institutional investors and hedge funds 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.