Woodside Energy Group Ltd (NYSE:WDS) Given Average Rating of “Moderate Buy” by Analysts

Woodside Energy Group Ltd (NYSE:WDS) has received an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

A number of equities research analysts have recently commented on the company. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th.

Institutional Investors Weigh In On Woodside Energy Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after buying an additional 661 shares in the last quarter. Virtu Financial LLC lifted its stake in Woodside Energy Group by 7.1% in the 4th quarter. Virtu Financial LLC now owns 12,215 shares of the company’s stock worth $191,000 after purchasing an additional 813 shares in the last quarter. Mission Wealth Management LP lifted its stake in Woodside Energy Group by 8.2% in the 4th quarter. Mission Wealth Management LP now owns 11,650 shares of the company’s stock worth $182,000 after purchasing an additional 881 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Woodside Energy Group by 155.3% during the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock worth $28,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Woodside Energy Group by 2.1% in the fourth quarter. Sei Investments Co. now owns 56,689 shares of the company’s stock valued at $884,000 after purchasing an additional 1,153 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Trading Down 1.5 %

Shares of WDS opened at $14.20 on Thursday. The company has a 50-day moving average of $15.23 and a 200 day moving average of $15.82. Woodside Energy Group has a 1-year low of $14.11 and a 1-year high of $20.30. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of 17.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $0.51 dividend. This represents a yield of 7.6%. The ex-dividend date of this dividend is Friday, March 7th. Woodside Energy Group’s dividend payout ratio is currently 124.39%.

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.