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

Shares of Woodside Energy Group Ltd (NYSE:WDS) gapped down prior to trading 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 Stock Performance

The stock’s 50-day moving average price is $15.65 and its 200-day moving average price is $16.71. 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after purchasing an additional 661 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of 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 buying an additional 900 shares during the period. Naviter Wealth LLC increased its stake in shares of Woodside Energy Group by 2.2% in the 3rd quarter. Naviter Wealth LLC now owns 44,704 shares of the company’s stock valued at $801,000 after acquiring an additional 960 shares in the last quarter. Avior Wealth Management LLC lifted 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 acquiring an additional 1,000 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Woodside Energy Group by 97.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock worth $60,000 after acquiring an additional 1,631 shares in the last quarter. 3.17% of the stock is 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.