XY Capital Ltd Makes New Investment in Woodside Energy Group Ltd $WDS

XY Capital Ltd purchased a new stake in shares of Woodside Energy Group Ltd (NYSE:WDS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 178,011 shares of the company’s stock, valued at approximately $3,439,000. Woodside Energy Group accounts for approximately 3.3% of XY Capital Ltd’s holdings, making the stock its 8th largest holding.

Several other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of Woodside Energy Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 3,460 shares of the company’s stock valued at $83,000 after buying an additional 515 shares during the period. Blue Trust Inc. grew its holdings in Woodside Energy Group by 4.6% during the first quarter. Blue Trust Inc. now owns 12,052 shares of the company’s stock worth $288,000 after acquiring an additional 535 shares during the period. Syon Capital LLC raised its position in Woodside Energy Group by 3.2% in the fourth quarter. Syon Capital LLC now owns 17,561 shares of the company’s stock worth $274,000 after acquiring an additional 543 shares in the last quarter. Allworth Financial LP lifted its holdings in 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 acquiring an additional 633 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Woodside Energy Group by 38.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock valued at $36,000 after purchasing an additional 646 shares in the last quarter. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Price Performance

Shares of Woodside Energy Group stock opened at $24.16 on Friday. Woodside Energy Group Ltd has a twelve month low of $14.27 and a twelve month high of $25.19. The firm’s 50-day simple moving average is $21.42 and its 200-day simple moving average is $21.77. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WDS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a report on Monday, June 8th. Bank of America started coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 target price on the stock. Needham & Company LLC assumed coverage on Woodside Energy Group in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.21 price target on the stock. Finally, Zacks Research upgraded shares of Woodside Energy Group to a “hold” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.21.

About Woodside Energy Group

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.