Woodside Energy Group (NYSE:WDS) Upgraded to “Buy” at Bank of America

Woodside Energy Group (NYSE:WDS) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Wednesday,Finviz reports.

Woodside Energy Group Stock Performance

Shares of Woodside Energy Group stock opened at $15.27 on Wednesday. The company’s fifty day moving average price is $15.64 and its two-hundred day moving average price is $16.57. Woodside Energy Group has a 52-week low of $14.34 and a 52-week high of $21.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Institutional Investors Weigh In On Woodside Energy Group

Large investors have recently modified their holdings of the stock. FMR LLC boosted its stake in Woodside Energy Group by 92.2% in the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company’s stock valued at $34,879,000 after buying an additional 970,640 shares in the last quarter. XY Capital Ltd lifted its holdings in shares of Woodside Energy Group by 554.0% during the third quarter. XY Capital Ltd now owns 334,833 shares of the company’s stock valued at $5,773,000 after acquiring an additional 283,633 shares during the period. Bank of Montreal Can acquired a new stake in shares of Woodside Energy Group in the 2nd quarter valued at $3,961,000. Jane Street Group LLC grew its holdings in shares of Woodside Energy Group by 154.0% in the 3rd quarter. Jane Street Group LLC now owns 308,503 shares of the company’s stock worth $5,319,000 after purchasing an additional 187,033 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Woodside Energy Group by 148.6% during the 3rd quarter. HighTower Advisors LLC now owns 137,468 shares of the company’s stock worth $2,354,000 after purchasing an additional 82,161 shares in the last quarter. 3.17% of the stock is currently 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.