Reassessing The Changing Outlook For Woodside Energy Group Ltd ADR (WDS)

Parametric Portfolio Associates L recently announced the acquisition of new stake in Woodside Energy Group Ltd ADR (NYSE:WDS). The institutional investor has increased its shareholding in the Energy company by 0.87% to 3.0 million shares with purchase of 26036.0 shares. This fresh investment now brings its stake to 0.16% valued currently at $61.03 million. In addition, Pacer Advisors, Inc. raised its holdings by 0.17 million to 2.07 million shares. And Goldman Sachs Asset Management LP has lifted its position by 6.69% or 0.11 million shares – to 1.79 million shares.

With over 0.44 million Woodside Energy Group Ltd ADR (WDS) shares trading Friday and a closing price of $21.10 on the day, the dollar volume was approximately $9.29 million. The shares have shown a negative half year performance of -7.25% and its price on 12/22/23 gained nearly 0.14%. Currently, there are 1.90B common shares owned by the public and among those 1.90B shares have been available to trade.

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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for WDS have a consensus price objective of $22.00. The analysts have set the share’s price value over the next 12 months at a high of $26.01 and a low of $17.30. The average price target is 5.93% above its recent price level and a downside to the estimated low will see the stock lose -21.97% over that period. But an upside of 18.88% will see the stock hit the forecast high price target while median target price for the stock is $21.99.

The top 3 mutual fund holders in Woodside Energy Group Ltd ADR are Pacer Fds. Tr. – Global Cash Cows, Pacer Fds. Tr. – Developed Market, and First Trust Natural Gas ETF. Pacer Fds. Tr. – Global Cash Cows owns 1.5 million shares of the company’s stock, all valued at over $30.56 million. Pacer Fds. Tr. – Developed Market bought 22938.0 shares to see its total holdings expand to 0.86 million shares valued at over $17.43 million and representing 0.05% of the shares outstanding. First Trust Natural Gas ETF now owns shares totaling to 0.03% of the shares outstanding.

Shares of Woodside Energy Group Ltd ADR (NYSE: WDS) opened at $21.24, up $0.17 from a prior closing price of $21.07. However, the script later moved the day high at 21.28, up 0.14%. The company’s stock has a 5-day price change of 4.15% and -9.83% over the past three months. WDS shares are trading -12.85% year to date (YTD), with the 12-month market performance down to -14.89% lower. It has a 12-month low price of $19.02 and touched a high of $26.93 over the same period. WDS has an average intraday trading volume of 723.02K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.32%, -0.18%, and -7.45% respectively.

Institutional ownership of Woodside Energy Group Ltd ADR (NYSE: WDS) shares accounts for 1.70% of the company’s 1.90B shares outstanding. Mutual fund holders own 0.25%, while other institutional holders and individual stakeholders account for 1.46% and — respectively.

It has a market capitalization of $40.02B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 5.92, while the earnings-per-share (ttm) stands at $3.56. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.25% over the week and 1.48% over the month.

The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -51.18%, and -1.95% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Woodside Energy Group Ltd ADR (WDS) as a “Moderate Buy” at a consensus score of 2.38. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 6 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”

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