Woodside Energy Group Ltd (NYSE:WDS) Receives Consensus Rating of “Hold” from Brokerages

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

A number of research analysts have recently issued reports on WDS shares. Royal Bank of Canada upgraded Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. Citigroup downgraded shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a report on Wednesday, September 4th. Macquarie raised shares of Woodside Energy Group to a “strong-buy” rating in a research note on Sunday, June 23rd. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein cut Woodside Energy Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 20th.

Institutional Investors Weigh In On Woodside Energy Group

A number of large investors have recently made changes to their positions in WDS. Rothschild Investment LLC acquired a new position in Woodside Energy Group during the second quarter worth $29,000. Russell Investments Group Ltd. boosted its position in shares of Woodside Energy Group by 54.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock valued at $34,000 after acquiring an additional 602 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Woodside Energy Group by 25.1% during the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after acquiring an additional 615 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Woodside Energy Group by 97.3% in 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. acquired a new stake in Woodside Energy Group during the fourth quarter worth about $72,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Stock Performance

Shares of Woodside Energy Group stock opened at $16.80 on Friday. The business has a 50-day moving average price of $17.50 and a 200 day moving average price of $18.42. 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 twelve month low of $15.32 and a twelve month high of $23.64.

Woodside Energy Group Increases Dividend

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

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.