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

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

WDS has been the topic of a number of research reports. Morgan Stanley downgraded Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, August 27th. Sanford C. Bernstein cut 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 raised shares of Woodside Energy Group to a “moderate buy” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Citigroup cut shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th.

Woodside Energy Group Stock Down 0.3 %

Shares of WDS opened at $15.37 on Friday. Woodside Energy Group has a twelve month low of $15.24 and a twelve month high of $21.63. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $16.52 and its 200 day simple moving average is $17.63.

Woodside Energy Group Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WDS. FMR LLC grew its holdings in Woodside Energy Group by 92.2% during the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company’s stock valued at $34,879,000 after purchasing an additional 970,640 shares in the last quarter. Natixis Advisors LLC grew its stake 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 valued at $34,359,000 after acquiring an additional 369,994 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Woodside Energy Group by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock valued at $16,360,000 after acquiring an additional 6,267 shares in the last quarter. Associated Banc Corp increased its position in shares of Woodside Energy Group by 0.6% during the third quarter. Associated Banc Corp now owns 842,490 shares of the company’s stock worth $14,525,000 after acquiring an additional 5,067 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Woodside Energy Group by 10.6% in the second quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock worth $9,506,000 after acquiring an additional 48,278 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.