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

Woodside Energy Group Ltd (NYSE:WDS) has received a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company.

WDS has been the subject of a number of analyst reports. Sanford C. Bernstein lowered shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. Macquarie upgraded shares of Woodside Energy Group to a “strong-buy” rating in a report on Sunday, June 23rd. Royal Bank of Canada raised Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. Morgan Stanley lowered Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. Finally, The Goldman Sachs Group cut Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Woodside Energy Group Price Performance

Shares of NYSE:WDS opened at $17.06 on Friday. The business has a fifty day moving average price of $17.28 and a 200-day moving average price of $18.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group has a 1-year low of $15.32 and a 1-year high of $23.64.

Woodside Energy Group Increases Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC bought a new stake in shares of Woodside Energy Group in the second quarter worth $731,000. Truist Financial Corp grew its stake in shares of 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 purchasing an additional 2,564 shares during the period. Creative Planning grew its stake in shares of 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 purchasing an additional 39,602 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Woodside Energy Group during the 2nd quarter valued at about $249,000. Finally, Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 48,278 shares during the period. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

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.