Woodside Energy Group (NYSE:WDS) Rating Increased to Buy at Bank of America

Bank of America upgraded shares of Woodside Energy Group (NYSE:WDS) from a neutral rating to a buy rating in a research report released on Wednesday morning, MarketBeat Ratings reports.

Woodside Energy Group Price Performance

Shares of WDS stock opened at $15.45 on Wednesday. Woodside Energy Group has a twelve month low of $14.34 and a twelve month high of $21.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. The firm has a fifty day simple moving average of $15.64 and a 200-day simple moving average of $16.57.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew 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 boosted its stake in shares of Woodside Energy Group by 41.6% during the 4th quarter. Caprock Group LLC now owns 26,257 shares of the company’s stock valued at $410,000 after buying an additional 7,715 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Woodside Energy Group during the fourth quarter worth approximately $30,000. Blue Trust Inc. increased its stake in shares of Woodside Energy Group by 22.9% in the fourth quarter. Blue Trust Inc. now owns 40,208 shares of the company’s stock worth $693,000 after buying an additional 7,485 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in Woodside Energy Group in the fourth quarter valued at $203,000. Institutional investors and hedge funds own 3.17% of the company’s stock.

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.