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 ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company.

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

Woodside Energy Group Price Performance

Shares of NYSE WDS opened at $15.42 on Friday. Woodside Energy Group has a 12 month low of $15.24 and a 12 month high of $21.63. The business’s 50 day moving average is $16.57 and its two-hundred day moving average is $17.67. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13.

Woodside Energy Group Increases Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Avior Wealth Management LLC boosted its holdings in shares of Woodside Energy Group by 155.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Woodside Energy Group in the second quarter valued at $29,000. Russell Investments Group Ltd. raised its holdings in shares of Woodside Energy Group by 54.3% in the first quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock valued at $34,000 after buying an additional 602 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Woodside Energy Group by 81.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $36,000 after buying an additional 900 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in Woodside Energy Group by 25.1% during the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after acquiring an additional 615 shares during the last quarter. Institutional investors and hedge funds 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.