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

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

WDS has been the topic of several recent analyst reports. Morgan Stanley lowered Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. The Goldman Sachs Group downgraded Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Citigroup cut Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th. Sanford C. Bernstein lowered Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th.

Woodside Energy Group Stock Down 2.1 %

WDS stock opened at $15.39 on Friday. Woodside Energy Group has a 52 week low of $15.28 and a 52 week high of $21.63. The business has a 50-day simple moving average of $16.67 and a 200 day simple moving average of $17.70. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The company has a market cap of $15.14 billion, a PE ratio of 13.92 and a beta of 1.11.

Woodside Energy Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th were issued a dividend of $0.67 per share. This is a boost 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 was Friday, September 6th. Woodside Energy Group’s dividend payout ratio (DPR) is currently 118.58%.

Institutional Trading of Woodside Energy Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC raised its position in Woodside Energy Group by 155.3% in the 3rd quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Woodside Energy Group during the second quarter valued at about $29,000. Russell Investments Group Ltd. boosted its holdings 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 purchasing an additional 602 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Woodside Energy Group by 81.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock worth $36,000 after purchasing an additional 900 shares during the last quarter. Finally, Whittier Trust Co. grew its position in Woodside Energy Group by 25.1% in the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after purchasing an additional 615 shares in the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

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.