Woodside Energy Group Ltd (NYSE:WDS) Short Interest Down 12.8% in January

Woodside Energy Group Ltd (NYSE:WDS) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 3,804,364 shares, a drop of 12.8% from the January 15th total of 4,364,595 shares. Based on an average daily volume of 810,510 shares, the days-to-cover ratio is currently 4.7 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 810,510 shares, the days-to-cover ratio is currently 4.7 days.

Analysts Set New Price Targets

WDS has been the subject of several recent research reports. Wall Street Zen upgraded shares of Woodside Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Woodside Energy Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Woodside Energy Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in Woodside Energy Group by 32.3% during the 4th quarter. Morgan Stanley now owns 4,539,156 shares of the company’s stock worth $70,765,000 after acquiring an additional 1,108,540 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Woodside Energy Group by 4.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,416,708 shares of the company’s stock worth $53,266,000 after buying an additional 148,588 shares in the last quarter. UBS Group AG raised its position in shares of Woodside Energy Group by 381.1% during the 4th quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock worth $19,065,000 after buying an additional 968,707 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Woodside Energy Group by 43.7% in the fourth quarter. First Trust Advisors LP now owns 889,577 shares of the company’s stock valued at $13,869,000 after acquiring an additional 270,674 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Woodside Energy Group by 3,532.4% during the fourth quarter. Millennium Management LLC now owns 735,455 shares of the company’s stock valued at $11,466,000 after acquiring an additional 715,208 shares during the period. 3.17% of the stock is owned by institutional investors.

Woodside Energy Group Trading Up 2.5%

Woodside Energy Group stock opened at $18.74 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.90. Woodside Energy Group has a one year low of $11.26 and a one year high of $18.82. The company has a 50-day simple moving average of $16.56 and a 200-day simple moving average of $16.39.

Woodside Energy Group Company Profile

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.