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

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

WDS has been the topic of a number of recent analyst reports. Sanford C. Bernstein cut shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. 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 Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. Citigroup cut Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, The Goldman Sachs Group cut shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th.

Woodside Energy Group Price Performance

NYSE:WDS opened at $17.18 on Friday. The firm’s 50-day simple moving average is $17.45 and its 200 day simple moving average is $18.38. Woodside Energy Group has a 52 week low of $15.32 and a 52 week high of $23.64. 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 will be paid on Thursday, October 3rd. Investors of record on Friday, September 6th will be paid a $0.67 dividend. This is a positive change from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, September 6th.

Hedge Funds Weigh In On Woodside Energy Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of Woodside Energy Group during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. boosted its stake in 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 acquiring an additional 602 shares in the last quarter. Whittier Trust Co. grew its holdings in Woodside Energy Group by 25.1% in 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. EverSource Wealth Advisors LLC raised its holdings in shares of Woodside Energy Group by 97.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock valued at $60,000 after purchasing an additional 1,631 shares during the period. Finally, Optiver Holding B.V. bought a new position in shares of Woodside Energy Group during the 4th quarter worth about $72,000. 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.