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

Shares of Woodside Energy Group Ltd (NYSE:WDS) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company.

A number of brokerages have recently weighed in on WDS. Citigroup lowered shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th. The Goldman Sachs Group lowered shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Morgan Stanley lowered shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Sanford C. Bernstein lowered shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a research note on Tuesday, August 6th.

Woodside Energy Group Stock Performance

NYSE WDS opened at $16.56 on Wednesday. Woodside Energy Group has a 52 week low of $15.32 and a 52 week high of $22.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The company has a 50-day moving average price of $17.20 and a two-hundred day moving average price of $18.02.

Woodside Energy Group Increases Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted 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 valued at $34,000 after acquiring an additional 602 shares in the last quarter. Mckinley Capital Management LLC lifted its position in shares of Woodside Energy Group by 1.4% in the 1st quarter. Mckinley Capital Management LLC now owns 44,683 shares of the company’s stock valued at $892,000 after acquiring an additional 613 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Woodside Energy Group by 25.1% in the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after acquiring an additional 615 shares in the last quarter. Confluence Investment Management LLC lifted 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 valued at $465,000 after acquiring an additional 759 shares in the last quarter. Finally, Naviter Wealth LLC lifted its position in shares of Woodside Energy Group by 2.2% in the 3rd quarter. Naviter Wealth LLC now owns 44,704 shares of the company’s stock valued at $801,000 after acquiring an additional 960 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

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.