Woodside Energy Group Ltd (NYSE:WDS) Receives Average Rating of “Hold” from Analysts

Woodside Energy Group Ltd (NYSE:WDS) has received an average rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts recently commented on WDS shares. Morgan Stanley cut shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. Citigroup lowered Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Macquarie raised shares of Woodside Energy Group to a “strong-buy” rating in a research report on Sunday, June 23rd. Finally, Royal Bank of Canada upgraded shares of Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th.

Woodside Energy Group Stock Up 1.8 %

WDS stock opened at $17.06 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. Woodside Energy Group has a one year low of $15.32 and a one year high of $23.64. The company’s 50 day moving average price is $17.28 and its two-hundred day moving average price is $18.35.

Woodside Energy Group Increases Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th will be paid a dividend of $0.67 per share. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date of this dividend is Friday, September 6th. This represents a dividend yield of 6.8%.

Hedge Funds Weigh In On Woodside Energy Group

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its position in shares of Woodside Energy Group by 54.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock worth $34,000 after acquiring an additional 602 shares in the last quarter. Mckinley Capital Management LLC raised its holdings in Woodside Energy Group by 1.4% in the first quarter. Mckinley Capital Management LLC now owns 44,683 shares of the company’s stock worth $892,000 after purchasing an additional 613 shares in the last quarter. Whittier Trust Co. lifted its position in Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after buying an additional 615 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Woodside Energy Group by 18.1% during the 1st quarter. Lindbrook Capital LLC now owns 4,118 shares of the company’s stock valued at $82,000 after buying an additional 632 shares in the last quarter. Finally, Confluence Investment Management LLC grew its position in shares of Woodside Energy Group by 3.2% in the 2nd quarter. Confluence Investment Management LLC now owns 24,698 shares of the company’s stock worth $465,000 after buying an additional 759 shares during the period. 3.17% of the stock is owned by institutional investors.

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.