Woodside Energy Group (NYSE:WDS) Downgraded by Citigroup

Citigroup cut shares of Woodside Energy Group (NYSE:WDS) from a neutral rating to a sell rating in a report published on Wednesday morning, MarketBeat.com reports.

WDS has been the subject of several other research reports. Sanford C. Bernstein lowered shares of Woodside Energy Group from an outperform rating to a market perform rating in a research report on Tuesday, August 20th. Royal Bank of Canada upgraded shares of Woodside Energy Group to a moderate buy rating in a research report on Tuesday, August 6th. Morgan Stanley lowered shares of Woodside Energy Group from an overweight rating to an equal weight rating in a research report on Tuesday, August 27th. The Goldman Sachs Group lowered shares of Woodside Energy Group from a strong-buy rating to a hold rating in a research report on Thursday, August 8th. Finally, Macquarie upgraded shares of Woodside Energy Group to a strong-buy rating in a research report on Sunday, June 23rd. One equities research 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’s stock. According to MarketBeat, the company has a consensus rating of Hold.

Woodside Energy Group Trading Down 4.7 %

Woodside Energy Group stock opened at $15.89 on Wednesday. The company has a 50-day simple moving average of $18.16 and a 200-day simple moving average of $18.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.24. Woodside Energy Group has a one year low of $15.81 and a one year high of $24.85.

Woodside Energy Group Increases Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

A number of institutional investors and hedge funds have recently bought and sold shares of WDS. International Assets Investment Management LLC purchased a new stake in Woodside Energy Group during the fourth quarter valued at about $1,010,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Woodside Energy Group during the fourth quarter valued at about $216,000. M&T Bank Corp purchased a new stake in shares of Woodside Energy Group in the fourth quarter worth approximately $206,000. Donoghue Forlines LLC lifted its position in shares of Woodside Energy Group by 15.6% in the fourth quarter. Donoghue Forlines LLC now owns 36,617 shares of the company’s stock worth $772,000 after purchasing an additional 4,939 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its position in shares of Woodside Energy Group by 11.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 9,608 shares of the company’s stock worth $203,000 after purchasing an additional 1,000 shares in the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

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.