Woodside Energy Group (NYSE:WDS) Shares Gap Down – What’s Next?

Woodside Energy Group Ltd (NYSE:WDS)’s share 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 traded.

Analyst Upgrades and Downgrades

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

Woodside Energy Group Trading Up 0.6%

The business has a 50 day simple moving average of $22.67 and a 200 day simple moving average of $20.01. 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 Buying and Selling

In other Woodside Energy Group news, insider Mark Anthony Abbotsford sold 7,500 shares of the firm’s stock in a transaction dated 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 approximately $588,676.02. This trade represents a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Institutional Trading of Woodside Energy Group

Several hedge funds have recently modified their holdings of WDS. Morgan Stanley raised its position in Woodside Energy Group by 32.3% in the 4th quarter. Morgan Stanley now owns 4,539,156 shares of the company’s stock worth $70,765,000 after purchasing an additional 1,108,540 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Woodside Energy Group by 4.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,416,708 shares of the company’s stock worth $53,266,000 after acquiring an additional 148,588 shares during the last quarter. UBS Group AG lifted its stake in shares of Woodside Energy Group by 381.1% during the fourth quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock valued at $19,065,000 after acquiring an additional 968,707 shares during the period. First Trust Advisors LP boosted its holdings in Woodside Energy Group by 25.8% in the first quarter. First Trust Advisors LP now owns 1,119,202 shares of the company’s stock valued at $26,727,000 after acquiring an additional 229,625 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Woodside Energy Group by 3,532.4% in 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 last quarter. 3.17% of the stock is owned by institutional investors.

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.