Woodside Energy Group Ltd (NYSE:WDS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Woodside Energy Group Ltd (NYSE:WDS) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

WDS has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada raised Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. Macquarie raised Woodside Energy Group to a “strong-buy” rating in a research report on Sunday, June 23rd. 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, 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.

Woodside Energy Group Price Performance

Shares of NYSE WDS opened at $18.33 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $18.28 and a 200-day moving average price of $18.75. Woodside Energy Group has a 1 year low of $16.13 and a 1 year high of $25.05.

Woodside Energy Group Increases Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in Woodside Energy Group in the fourth quarter worth $30,000. Rothschild Investment LLC bought a new stake in Woodside Energy Group in the 2nd quarter valued at about $29,000. Russell Investments Group Ltd. raised its stake in 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 during the period. Hexagon Capital Partners LLC lifted its holdings in Woodside Energy Group by 399.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 2,019 shares of the company’s stock valued at $43,000 after purchasing an additional 1,615 shares during the last quarter. Finally, Whittier Trust Co. boosted 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 worth $58,000 after purchasing an additional 615 shares during the period. 3.17% of the stock is currently owned by hedge funds and other 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.