Shares of Woodside Petroleum Ltd (OTCMKTS:WOPEY) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.70 and traded as low as $15.11. Woodside Petroleum shares last traded at $15.18, with a volume of 88,644 shares traded.
Separately, CLSA raised shares of Woodside Petroleum to a “buy” rating and set a $21.28 price objective for the company in a research report on Monday, September 13th.
The business’s 50-day moving average is $17.18 and its two-hundred day moving average is $16.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.67 and a quick ratio of 2.52.
An institutional investor recently raised its position in Woodside Petroleum stock. Parametric Portfolio Associates LLC grew its position in Woodside Petroleum Ltd (OTCMKTS:WOPEY) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,623,277 shares of the oil and gas exploration company’s stock after acquiring an additional 79,866 shares during the period. Parametric Portfolio Associates LLC owned about 0.17% of Woodside Petroleum worth $27,222,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.17% of the company’s stock.
Woodside Petroleum Company Profile (OTCMKTS:WOPEY)
Woodside Petroleum Ltd. engages in the exploration, evaluation, development, and production of hydrocarbon and oil and gas properties. It operates through the following segments: North West Shelf, Pluto, Australia Oil, Wheatstone, and Others. The North West segment engages in the exploration, evaluation, development, production and sale of liquefied natural gas, pipeline natural gas, condensate, liquefied petroleum gas and crude oil from the North West Shelf ventures.
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