The Manufacturers Life Insurance Company Sells 34,067 Shares of Woodside Energy Group Ltd (NYSE:WDS)

The Manufacturers Life Insurance Company lessened its stake in shares of Woodside Energy Group Ltd (NYSE:WDS) by 52.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund 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.

Several other institutional investors also recently modified their holdings of the stock. Avior Wealth Management LLC boosted its holdings 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 in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Woodside Energy Group during the second quarter valued at about $29,000. Nisa Investment Advisors LLC grew its holdings in shares of Woodside Energy Group by 81.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $36,000 after purchasing an additional 900 shares during the last quarter. 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 purchasing an additional 615 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Woodside Energy Group by 97.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock valued at $60,000 after acquiring an additional 1,631 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Woodside Energy Group Trading Up 0.7 %

NYSE WDS opened at $15.24 on Friday. Woodside Energy Group Ltd has a 1 year low of $15.02 and a 1 year high of $21.63. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average price of $16.11 and a 200-day moving average price 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.