The Manufacturers Life Insurance Company Cuts Stock Holdings in Woodside Energy Group Ltd (NYSE:WDS)

The Manufacturers Life Insurance Company decreased its stake in Woodside Energy Group Ltd (NYSE:WDS) by 52.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,343 shares of the company’s stock after selling 34,067 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Woodside Energy Group were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in shares of Woodside Energy Group by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. Rothschild Investment LLC acquired a new stake in Woodside Energy Group during the 2nd quarter worth $29,000. Nisa Investment Advisors LLC increased its position in Woodside Energy Group by 81.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after acquiring an additional 900 shares during the period. Whittier Trust Co. grew its position in Woodside Energy Group by 25.1% in the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after buying an additional 615 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Woodside Energy Group by 97.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock worth $60,000 after purchasing an additional 1,631 shares during the period. 3.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WDS. Citigroup lowered Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th. Morgan Stanley cut Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Finally, Sanford C. Bernstein lowered Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Woodside Energy Group presently has a consensus rating of “Hold”.

Woodside Energy Group Trading Up 0.7 %

WDS stock opened at $15.24 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group Ltd has a 12-month low of $15.02 and a 12-month high of $21.63. The company has a 50 day moving average of $16.11 and a two-hundred day moving average of $17.28.

Woodside Energy Group Company 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.