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

Woodside Energy Group (NYSE:WDS) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports.

Woodside Energy Group Stock Performance

WDS stock opened at $15.57 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The business’s 50-day moving average is $15.63 and its two-hundred day moving average is $16.56. Woodside Energy Group has a fifty-two week low of $14.34 and a fifty-two week high of $21.38.

Institutional Trading of Woodside Energy Group

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Woodside Energy Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock worth $16,360,000 after acquiring an additional 6,267 shares during the period. Bank of Montreal Can purchased a new stake in shares of Woodside Energy Group in the 2nd quarter worth $3,961,000. Millennium Management LLC raised its holdings in Woodside Energy Group by 10.6% in the 2nd quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock worth $9,506,000 after purchasing an additional 48,278 shares during the period. Creative Planning lifted its position in Woodside Energy Group by 75.2% during the second quarter. Creative Planning now owns 92,243 shares of the company’s stock valued at $1,735,000 after purchasing an additional 39,602 shares in the last quarter. Finally, Truist Financial Corp lifted its position in Woodside Energy Group by 2.8% during the second quarter. Truist Financial Corp now owns 95,042 shares of the company’s stock valued at $1,788,000 after purchasing an additional 2,564 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.