Woodside Energy Group (NYSE:WDS) Shares Gap Down – Should You Sell?

Woodside Energy Group Ltd (NYSE:WDS) shares gapped down before the market opened on Monday . The stock had previously closed at $23.07, but opened at $21.25. Woodside Energy Group shares last traded at $21.2740, with a volume of 294,896 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Woodside Energy Group Trading Down 9.8%

The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $22.81 and its 200 day moving average is $19.95.

Insider Activity at Woodside Energy Group

In related news, insider Mark Anthony Abbotsford sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $24.06, for a total transaction of $180,450.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Institutional Trading of Woodside Energy Group

A number of large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Woodside Energy Group by 34.6% during the first quarter. Parallel Advisors LLC now owns 9,094 shares of the company’s stock worth $217,000 after buying an additional 2,339 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Woodside Energy Group by 59.0% during the first quarter. NewEdge Advisors LLC now owns 7,157 shares of the company’s stock worth $171,000 after buying an additional 2,655 shares in the last quarter. Optiver Holding B.V. bought a new stake in Woodside Energy Group during the first quarter worth approximately $196,000. BankChampaign National Association bought a new stake in Woodside Energy Group during the first quarter worth approximately $670,000. Finally, Bank of America Corp DE boosted its holdings in Woodside Energy Group by 17.8% during the first 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 in the last quarter. 3.17% of the stock is currently owned by institutional investors.

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.