Woodside Energy Group (NYSE:WDS) Upgraded to Neutral at Citigroup

Woodside Energy Group (NYSE:WDS) was upgraded by stock analysts at Citigroup from a “sell” rating to a “neutral” rating in a report released on Tuesday,Briefing.com Automated Import reports.

Separately, Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

WDS stock opened at $14.57 on Tuesday. The company has a fifty day moving average price of $15.45 and a 200 day moving average price of $16.18. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group has a 12 month low of $14.34 and a 12 month high of $20.30.

Hedge Funds Weigh In On Woodside Energy Group

Institutional investors have recently bought and sold shares of the company. FMR LLC increased its stake in shares of Woodside Energy Group by 92.2% during the third quarter. FMR LLC now owns 2,023,151 shares of the company’s stock worth $34,879,000 after acquiring an additional 970,640 shares during the period. Northern Trust Corp grew its position in Woodside Energy Group by 713.0% during the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock worth $16,993,000 after buying an additional 955,303 shares during the period. Marshall Wace LLP purchased a new position in Woodside Energy Group in the fourth quarter valued at about $7,809,000. Raymond James Financial Inc. acquired a new stake in shares of Woodside Energy Group during the 4th quarter valued at approximately $6,554,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Woodside Energy Group during the 4th quarter worth approximately $5,388,000. 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.