First Trust Advisors LP Boosts Stake in Woodside Energy Group Ltd $WDS

First Trust Advisors LP lifted its position in Woodside Energy Group Ltd (NYSE:WDS) by 25.8% in the first quarter, Holdings Channel reports. The firm owned 1,119,202 shares of the company’s stock after acquiring an additional 229,625 shares during the period. First Trust Advisors LP’s holdings in Woodside Energy Group were worth $26,727,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Arax Advisory Partners increased its position in Woodside Energy Group by 257.0% during the fourth quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock worth $26,000 after buying an additional 1,195 shares during the period. Geneos Wealth Management Inc. lifted its stake in 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 buying an additional 1,102 shares during the last quarter. EFG International AG acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at approximately $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Woodside Energy Group by 38.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after acquiring an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Woodside Energy Group in a report on Monday, June 8th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Woodside Energy Group Trading Up 1.8%

Shares of WDS stock opened at $22.19 on Wednesday. Woodside Energy Group Ltd has a 52-week low of $14.27 and a 52-week high of $25.19. The stock’s 50-day moving average price is $21.08 and its 200 day moving average price is $20.97. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59.

Woodside Energy Group 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.