Woodside Energy Group (NYSE:WDS) Shares Gap Up – Still a Buy?

Shares of Woodside Energy Group Ltd (NYSE:WDS) gapped up prior to trading on Tuesday . The stock had previously closed at $14.61, but opened at $15.30. Woodside Energy Group shares last traded at $15.24, with a volume of 121,408 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on WDS shares. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Woodside Energy Group Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The firm has a fifty day simple moving average of $15.45 and a 200 day simple moving average of $16.18.

Institutional Trading of Woodside Energy Group

Several institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Woodside Energy Group by 92.2% in the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company’s stock worth $34,879,000 after buying an additional 970,640 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Woodside Energy Group by 713.0% in the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock worth $16,993,000 after acquiring an additional 955,303 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Woodside Energy Group during the fourth quarter worth approximately $7,809,000. Raymond James Financial Inc. acquired a new position in Woodside Energy Group in the 4th quarter valued at $6,554,000. Finally, Voloridge Investment Management LLC purchased a new position in Woodside Energy Group in the 4th quarter valued at $5,388,000. 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.