Allspring Global Investments Holdings LLC Boosts Stake in Woodside Energy Group Ltd (NYSE:WDS)

Allspring Global Investments Holdings LLC raised its position in Woodside Energy Group Ltd (NYSE:WDS) by 23.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,560 shares of the company’s stock after purchasing an additional 2,425 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Woodside Energy Group were worth $198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caprock Group LLC boosted its position in shares of Woodside Energy Group by 41.6% during the 4th quarter. Caprock Group LLC now owns 26,257 shares of the company’s stock worth $410,000 after purchasing an additional 7,715 shares during the period. R Squared Ltd acquired a new stake in shares of Woodside Energy Group during the fourth quarter worth about $30,000. Blue Trust Inc. grew its position in Woodside Energy Group by 22.9% in the 4th quarter. Blue Trust Inc. now owns 40,208 shares of the company’s stock valued at $693,000 after buying an additional 7,485 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in Woodside Energy Group in the 4th quarter valued at approximately $203,000. Finally, Ritholtz Wealth Management grew its holdings in Woodside Energy Group by 10.7% during the fourth quarter. Ritholtz Wealth Management now owns 53,050 shares of the company’s stock worth $828,000 after acquiring an additional 5,136 shares during the period. Institutional investors and hedge funds own 3.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on WDS. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Woodside Energy Group presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Price Performance

NYSE WDS opened at $15.04 on Wednesday. The company has a fifty day simple moving average of $15.45 and a 200 day simple moving average of $16.17. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. Woodside Energy Group Ltd has a 1 year low of $14.34 and a 1 year high of $20.30.

Woodside Energy Group Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.