Woodside Energy Group (NYSE:WDS) Sees Large Volume Increase – Still a Buy?

Shares of Woodside Energy Group Ltd (NYSE:WDS) saw unusually-high trading volume on Friday . Approximately 4,050,029 shares traded hands during mid-day 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.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Woodside Energy Group Stock Up 5.6%

The firm has a 50-day moving average price of $22.83 and a 200-day moving average price of $19.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59.

Insiders Place Their Bets

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 stock was sold at an average price of $24.06, for a total value of $180,450.00. Following the completion of the transaction, the insider owned 24,467 shares in the company, valued at $588,676.02. This trade represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Trading of Woodside Energy Group

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its position in shares of Woodside Energy Group by 34.6% during the 1st quarter. Parallel Advisors LLC now owns 9,094 shares of the company’s stock valued at $217,000 after acquiring an additional 2,339 shares during the last quarter. NewEdge Advisors LLC lifted its position in Woodside Energy Group by 59.0% in the 1st quarter. NewEdge Advisors LLC now owns 7,157 shares of the company’s stock worth $171,000 after buying an additional 2,655 shares during the last quarter. Optiver Holding B.V. bought a new stake in Woodside Energy Group in the 1st quarter worth approximately $196,000. BankChampaign National Association bought a new stake in Woodside Energy Group in the 1st quarter worth approximately $670,000. Finally, Bank of America Corp DE lifted its position in Woodside Energy Group by 17.8% in the 1st quarter. Bank of America Corp DE now owns 103,277 shares of the company’s stock worth $2,466,000 after buying an additional 15,593 shares during the last quarter. Institutional investors own 3.17% of the company’s stock.

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.