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

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

Separately, Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a report on Wednesday.

Woodside Energy Group Stock Down 2.1 %

NYSE WDS opened at $15.24 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. Woodside Energy Group has a 52-week low of $14.34 and a 52-week high of $21.38. The firm has a 50-day moving average price of $15.61 and a 200 day moving average price of $16.55.

Hedge Funds Weigh In On Woodside Energy Group

Several institutional investors and hedge funds have recently made changes to their positions in WDS. Hourglass Capital LLC lifted its position in shares of Woodside Energy Group by 3.1% in the 4th quarter. Hourglass Capital LLC now owns 226,249 shares of the company’s stock worth $3,529,000 after buying an additional 6,778 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Woodside Energy Group by 3.1% in the 4th quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock worth $681,000 after acquiring an additional 1,314 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Woodside Energy Group by 23.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 12,560 shares of the company’s stock valued at $198,000 after purchasing an additional 2,425 shares in the last quarter. Caprock Group LLC grew its stake in shares of Woodside Energy Group by 41.6% in the 4th quarter. Caprock Group LLC now owns 26,257 shares of the company’s stock worth $410,000 after purchasing an additional 7,715 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Woodside Energy Group during the fourth quarter worth $30,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

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.