Woodside Energy Group (NYSE:WDS) Sees Unusually-High Trading Volume – What’s Next?

Woodside Energy Group Ltd (NYSE:WDS) saw an uptick in trading volume on Friday . 4,050,029 shares changed hands during trading, an increase of 280% from the previous session’s volume of 1,066,762 shares.The stock last traded at $23.55 and had previously closed at $21.73.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research report on Monday, June 8th. One equities research 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 currently has an average rating of “Buy”.

Woodside Energy Group Trading Up 6.1%

The company’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $19.92. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling at Woodside Energy Group

In other news, insider Mark Anthony Abbotsford sold 7,500 shares of Woodside Energy Group 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 sale, the insider owned 24,467 shares of the company’s stock, valued at $588,676.02. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

Institutional Trading of Woodside Energy Group

Several hedge funds and other institutional investors have recently made changes to their positions in WDS. AQR Capital Management LLC acquired a new stake in shares of Woodside Energy Group in the first quarter valued at about $279,000. Jane Street Group LLC lifted its stake in shares of Woodside Energy Group by 648.0% in the first quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock valued at $5,555,000 after purchasing an additional 332,125 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Woodside Energy Group by 111.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after purchasing an additional 1,102 shares during the period. Cetera Investment Advisers lifted its stake in shares of Woodside Energy Group by 4.4% in the second quarter. Cetera Investment Advisers now owns 42,025 shares of the company’s stock valued at $648,000 after purchasing an additional 1,756 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Woodside Energy Group by 103.3% in the second quarter. JPMorgan Chase & Co. now owns 66,840 shares of the company’s stock valued at $1,031,000 after purchasing an additional 33,956 shares during the period. Hedge funds and other institutional investors own 3.17% of the company’s stock.

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.