Woodside Energy Group (NYSE:WDS) Stock Rating Lowered by Morgan Stanley

Morgan Stanley lowered shares of Woodside Energy Group (NYSE:WDS) from an overweight rating to an equal weight rating in a research note released on Tuesday, MarketBeat.com reports.

A number of other analysts have also weighed in on WDS. Macquarie upgraded shares of Woodside Energy Group to a strong-buy rating in a research report on Sunday, June 23rd. Royal Bank of Canada upgraded shares of Woodside Energy Group to a moderate buy rating in a research report on Tuesday, August 6th. 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. Finally, The Goldman Sachs Group lowered shares of Woodside Energy Group from a strong-buy rating to a hold rating in a research report on Thursday, August 8th. One equities research 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. Based on data from MarketBeat, Woodside Energy Group has a consensus rating of Hold.

Woodside Energy Group Stock Performance

NYSE WDS opened at $18.32 on Tuesday. Woodside Energy Group has a 1 year low of $16.13 and a 1 year high of $25.05. 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 firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 14.31 and a beta of 1.12. The firm’s 50 day simple moving average is $18.27 and its 200 day simple moving average is $18.78.

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds have recently modified their holdings of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Woodside Energy Group by 70.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 141,284 shares of the company’s stock worth $2,980,000 after purchasing an additional 58,412 shares during the period. GAMMA Investing LLC acquired a new position in shares of Woodside Energy Group during the fourth quarter worth $30,000. International Assets Investment Management LLC acquired a new position in shares of Woodside Energy Group during the fourth quarter worth $1,010,000. Stifel Financial Corp lifted its holdings in shares of Woodside Energy Group by 21.2% during the fourth quarter. Stifel Financial Corp now owns 220,231 shares of the company’s stock worth $4,645,000 after purchasing an additional 38,497 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Woodside Energy Group by 65.7% during the first quarter. US Bancorp DE now owns 114,125 shares of the company’s stock worth $2,279,000 after purchasing an additional 45,258 shares during the period. Institutional investors and hedge funds own 3.17% of the company’s stock.

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.