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Should You Invest in Woodside Energy Group Ltd (WDS) for Long-Term Value Creation?

ClearBridge Investments, an investment management company, released its “ClearBridge International Value Strategy” third quarter 2022 investor letter. A copy of the same can be downloaded here. During the quarter, the strategy outperformed its MSCI All Country World Ex-U.S. Index. Only the real estate sector contributed positively to the strategy’s performance in the quarter. At the same time, the significant detractors were the financials, health care, consumer discretionary, and industrials sectors. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge Investments highlighted stocks like Woodside Energy Group Ltd (NYSE:WDS) in the Q3 2022 investor letter. Headquartered in Perth, Australia, Woodside Energy Group Ltd (NYSE:WDS) is an energy company. On December 1, 2022, Woodside Energy Group Ltd (NYSE:WDS) stock closed at $24.62 per share. One-month return of Woodside Energy Group Ltd (NYSE:WDS) was -2.88%, and its shares gained 64.42% of their value over the last 52 weeks. Woodside Energy Group Ltd (NYSE:WDS) has a market capitalization of $46.747 billion.

ClearBridge Investments made the following comment about Woodside Energy Group Ltd (NYSE:WDS) in its Q3 2022 investor letter:

"We added Woodside Energy Group Ltd (NYSE:WDS), Australia’s largest independent dedicated oil and natural gas exploration company. We believe there is a structural mismatch between the current supply and demand due to decades of underinvestment, and this is being actively reflected in skyrocketing energy prices in Europe and low global inventories. Woodside represents a compelling opportunity within this context due to high-quality assets within the Pacific basin, positioning it well to cater to fast-growing Asian economies.

It also adds further regional diversification to the portfolio. The company’s leadership has allowed it to develop long-term commitments within a favorable regulatory environment. Finally, the company has been involved in investing and exploring renewable energy options for long-term success. We believe Woodside’s high return on capital employed is sustainable and indicative of attractive long-term value creation opportunities."

Woodside Energy Group Ltd (NYSE:WDS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held Woodside Energy Group Ltd (NYSE:WDS) at the end of the third quarter which was 12 in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.


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Disclosure: None. This article is originally published at Insider Monkey.