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

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

WDS has been the subject 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. Sanford C. Bernstein downgraded Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 8th. Morgan Stanley cut shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada upgraded shares of Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th.

Woodside Energy Group Stock Performance

WDS opened at $16.38 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The company has a market capitalization of $16.12 billion, a PE ratio of 14.63 and a beta of 1.11. The business has a fifty day simple moving average of $17.21 and a 200 day simple moving average of $18.14. Woodside Energy Group has a 1 year low of $15.32 and a 1 year high of $23.45.

Woodside Energy Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, September 6th were paid a $0.67 dividend. The ex-dividend date was 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%. Woodside Energy Group’s dividend payout ratio (DPR) is 119.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in Woodside Energy Group in the 2nd quarter valued at approximately $29,000. Russell Investments Group Ltd. lifted its stake in shares of Woodside Energy Group by 54.3% in 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 holdings 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 in the last quarter. EverSource Wealth Advisors LLC grew its position in Woodside Energy Group by 97.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock worth $60,000 after acquiring an additional 1,631 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Woodside Energy Group in the 1st quarter worth about $92,000. Institutional investors 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.