Woodside Energy Group (NYSE:WDS) Reaches New 52-Week High – Here’s What Happened

Woodside Energy Group Ltd (NYSE:WDS)’s share price hit a new 52-week high on Thursday . The stock traded as high as $19.18 and last traded at $19.0360, with a volume of 103834 shares. The stock had previously closed at $18.72.

Analysts Set New Price Targets

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

Woodside Energy Group Trading Up 1.6%

The company has a 50 day simple moving average of $16.56 and a 200-day simple moving average of $16.39. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Woodside Energy Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vise Technologies Inc. bought a new stake in Woodside Energy Group during the second quarter worth $325,000. Hsbc Holdings PLC purchased a new position in Woodside Energy Group during the 2nd quarter worth $2,606,000. Ovata Capital Management Ltd bought a new stake in shares of Woodside Energy Group in the 2nd quarter worth $858,000. Creative Planning grew its stake in shares of Woodside Energy Group by 60.1% in the 2nd quarter. Creative Planning now owns 186,548 shares of the company’s stock worth $2,878,000 after acquiring an additional 69,999 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Woodside Energy Group in the second quarter valued at about $366,000. 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.