Woodside Energy Group (NYSE:WDS) Shares Gap Down – Time to Sell?

Woodside Energy Group Ltd (NYSE:WDSGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $23.07, but opened at $21.25. Woodside Energy Group shares last traded at $21.2740, with a volume of 294,896 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Woodside Energy Group in a research note on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Check Out Our Latest Research Report on Woodside Energy Group

Woodside Energy Group Price Performance

The business’s 50 day moving average is $22.81 and its 200 day moving average is $19.95. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.59 and a quick ratio of 1.46.

Insider Transactions at Woodside Energy Group

In other Woodside Energy Group news, insider Mark Anthony Abbotsford sold 7,500 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $24.06, for a total value of $180,450.00. Following the completion of the sale, the insider owned 24,467 shares in the company, valued at $588,676.02. This represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Woodside Energy Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its position in Woodside Energy Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 3,460 shares of the company’s stock worth $83,000 after buying an additional 515 shares in the last quarter. Blue Trust Inc. lifted its position in Woodside Energy Group by 4.6% in the 1st quarter. Blue Trust Inc. now owns 12,052 shares of the company’s stock worth $288,000 after buying an additional 535 shares in the last quarter. Syon Capital LLC lifted its position in Woodside Energy Group by 3.2% in the 4th quarter. Syon Capital LLC now owns 17,561 shares of the company’s stock worth $274,000 after buying an additional 543 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Woodside Energy Group by 19.3% in the 4th quarter. Allworth Financial LP now owns 3,907 shares of the company’s stock valued at $61,000 after purchasing an additional 633 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Woodside Energy Group by 38.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after purchasing an additional 646 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

About Woodside Energy Group

(Get Free Report)

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.

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