Woodside Energy Group (NYSE:WDS) Upgraded by Royal Bank of Canada to “Moderate Buy”

Royal Bank of Canada upgraded shares of Woodside Energy Group (NYSE:WDS) to a moderate buy rating in a research note published on Tuesday, Zacks.com reports.

Separately, Macquarie raised Woodside Energy Group to a strong-buy rating in a research report on Sunday, June 23rd.

Woodside Energy Group Trading Down 0.4 %

NYSE WDS opened at $16.52 on Tuesday. Woodside Energy Group has a 12 month low of $16.13 and a 12 month high of $25.65. The stock has a 50-day simple moving average of $18.47 and a 200 day simple moving average of $19.12. The company has a current ratio of 1.03, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

Institutional Trading of Woodside Energy Group

Several institutional investors have recently added to or reduced their stakes in WDS. Natixis Advisors LLC increased its holdings in shares of Woodside Energy Group by 25.4% during the second quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock worth $34,359,000 after purchasing an additional 369,994 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Woodside Energy Group by 15.4% during the fourth quarter. Natixis Advisors L.P. now owns 1,424,126 shares of the company’s stock worth $30,034,000 after purchasing an additional 189,539 shares during the period. Associated Banc Corp increased its holdings in shares of Woodside Energy Group by 1.2% during the fourth quarter. Associated Banc Corp now owns 810,878 shares of the company’s stock worth $17,101,000 after purchasing an additional 9,617 shares during the period. Raymond James & Associates increased its holdings in shares of Woodside Energy Group by 19.1% during the first quarter. Raymond James & Associates now owns 471,747 shares of the company’s stock worth $9,421,000 after purchasing an additional 75,789 shares during the period. Finally, Nichols & Pratt Advisers LLP MA increased its holdings in shares of Woodside Energy Group by 0.4% during the second quarter. Nichols & Pratt Advisers LLP MA now owns 258,480 shares of the company’s stock worth $4,862,000 after purchasing an additional 1,031 shares during the period. 3.17% of the stock is currently owned by 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.