Woodside Energy Group Ltd (NYSE:WDS) Receives Average Recommendation of “Hold” from Analysts

Woodside Energy Group Ltd (NYSE:WDS) has received an average recommendation of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating on the company.

WDS has been the topic of a number of analyst reports. Macquarie upgraded shares of Woodside Energy Group to a “strong-buy” rating in a research report on Sunday, June 23rd. Citigroup downgraded shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. 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 cut Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Woodside Energy Group Price Performance

Woodside Energy Group stock opened at $16.46 on Wednesday. The company’s 50-day moving average is $17.21 and its two-hundred day moving average is $18.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group has a 1 year low of $15.32 and a 1 year high of $23.25.

Woodside Energy Group Increases Dividend

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

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds have recently made changes to their positions in the business. Creative Planning grew its stake in shares of Woodside Energy Group by 75.2% during the 2nd quarter. Creative Planning now owns 92,243 shares of the company’s stock worth $1,735,000 after acquiring an additional 39,602 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Woodside Energy Group during the 2nd quarter worth approximately $3,283,000. US Bancorp DE grew its stake in shares of Woodside Energy Group by 65.7% during the 1st quarter. US Bancorp DE now owns 114,125 shares of the company’s stock worth $2,279,000 after acquiring an additional 45,258 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Woodside Energy Group during the 1st quarter worth approximately $272,000. Finally, Bayesian Capital Management LP bought a new position in shares of Woodside Energy Group during the 1st quarter worth approximately $557,000. 3.17% of the stock is 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.