Bank of America Upgrades Woodside Energy Group (NYSE:WDS) to Buy

Woodside Energy Group (NYSE:WDS) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Wednesday, MarketBeat reports.

Woodside Energy Group Trading Up 0.8 %

WDS opened at $15.57 on Wednesday. Woodside Energy Group has a 1 year low of $14.34 and a 1 year high of $21.38. The stock has a 50-day moving average price of $15.63 and a 200-day moving average price of $16.56. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Woodside Energy Group

A number of institutional investors have recently made changes to their positions in WDS. Dimensional Fund Advisors LP raised its holdings in Woodside Energy Group by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock worth $16,360,000 after acquiring an additional 6,267 shares during the last quarter. Bank of Montreal Can bought a new stake in Woodside Energy Group in the 2nd quarter worth about $3,961,000. Millennium Management LLC increased its holdings in Woodside Energy Group by 10.6% in the 2nd quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock worth $9,506,000 after buying an additional 48,278 shares in the last quarter. Creative Planning lifted its stake in Woodside Energy Group by 75.2% during the 2nd quarter. Creative Planning now owns 92,243 shares of the company’s stock valued at $1,735,000 after acquiring an additional 39,602 shares during the period. Finally, Truist Financial Corp lifted its stake in Woodside Energy Group by 2.8% during the 2nd quarter. Truist Financial Corp now owns 95,042 shares of the company’s stock valued at $1,788,000 after acquiring an additional 2,564 shares during the period. Hedge funds and other institutional investors own 3.17% of the company’s stock.

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.