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

Shares of Woodside Energy Group Ltd (NYSE:WDS) have received an average recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have weighed in on WDS shares. Citigroup cut shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. Macquarie upgraded shares of Woodside Energy Group to a “strong-buy” rating in a report on Sunday, June 23rd. Morgan Stanley cut Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Sanford C. Bernstein cut Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group lowered Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in Woodside Energy Group in the 2nd quarter valued at about $29,000. Russell Investments Group Ltd. grew its position in shares of Woodside Energy Group by 54.3% during the first quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock worth $34,000 after buying an additional 602 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after buying an additional 615 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Woodside Energy Group by 97.3% in the second quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock valued at $60,000 after acquiring an additional 1,631 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in Woodside Energy Group in the fourth quarter worth approximately $72,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Stock Down 0.8 %

NYSE WDS opened at $16.80 on Friday. The stock has a fifty day simple moving average of $17.50 and a 200-day simple moving average of $18.42. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group has a twelve month low of $15.32 and a twelve month high of $23.64.

Woodside Energy Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 6th will be paid a $0.67 dividend. This is an increase from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. The ex-dividend date is Friday, September 6th. This represents a dividend yield of 6.8%.

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.