Woodside Energy Group (NYSE:WDS) Shares Gap Down – Time to Sell?

Woodside Energy Group Ltd (NYSE:WDS)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $16.32, but opened at $15.89. Woodside Energy Group shares last traded at $15.86, with a volume of 132,292 shares trading hands.

Woodside Energy Group Price Performance

The firm has a 50 day moving average of $15.65 and a 200-day moving average of $16.70. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Institutional Investors Weigh In On Woodside Energy Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDS. Avior Wealth Management LLC raised 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 purchasing an additional 1,000 shares during the period. R Squared Ltd bought a new position in Woodside Energy Group in the 4th quarter worth $30,000. GAMMA Investing LLC raised its holdings in Woodside Energy Group by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after acquiring an additional 661 shares during the period. Nisa Investment Advisors LLC lifted its position in Woodside Energy Group by 81.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $36,000 after acquiring an additional 900 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Woodside Energy Group during the third quarter valued at about $39,000. 3.17% of the stock is currently owned by institutional investors and hedge funds.

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.