Woodside Energy Group (NYSE:WDS) Sets New 1-Year Low - Time to Sell?

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report)'s share price reached a new 52-week low on Wednesday . The company traded as low as $14.82 and last traded at $14.82, with a volume of 437474 shares trading hands. The stock had previously closed at $14.91.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WDS shares. Morgan Stanley downgraded Woodside Energy Group from an "overweight" rating to an "equal weight" rating in a report on Tuesday, August 27th. Citigroup downgraded shares of Woodside Energy Group from a "neutral" rating to a "sell" rating in a report on Wednesday, September 4th. Finally, Sanford C. Bernstein cut shares of Woodside Energy Group from an "outperform" rating to a "market perform" rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Woodside Energy Group Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The firm has a 50 day moving average price of $15.93 and a 200-day moving average price of $17.20.

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its position in shares of Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company's stock valued at $28,000 after acquiring an additional 1,000 shares in the last quarter. Rothschild Investment LLC purchased a new position in Woodside Energy Group in the 2nd quarter valued at about $29,000. Nisa Investment Advisors LLC lifted its holdings 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 purchasing an additional 900 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Woodside Energy Group during the 3rd quarter worth about $39,000. Finally, Whittier Trust Co. grew its holdings in shares of Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company's stock worth $58,000 after buying an additional 615 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

About Woodside Energy Group

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.