Woodside Energy Group (NYSE:WDS) Rating Increased to Hold at Citigroup

Woodside Energy Group (NYSE:WDS) was upgraded by stock analysts at Citigroup from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

A number of other equities analysts have also commented on the company. The Goldman Sachs Group lowered Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Morgan Stanley lowered Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Macquarie upgraded Woodside Energy Group to a “strong-buy” rating in a research report on Sunday, June 23rd. 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. Finally, Royal Bank of Canada raised shares of Woodside Energy Group to a “moderate buy” rating in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Woodside Energy Group Stock Performance

Shares of WDS opened at $18.32 on Monday. Woodside Energy Group has a 1 year low of $16.13 and a 1 year high of $25.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 0.90. The stock’s fifty day moving average price is $18.27 and its two-hundred day moving average price is $18.78. The firm has a market cap of $18.02 billion, a PE ratio of 14.31 and a beta of 1.12.

Institutional Trading of Woodside Energy Group

Several hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp increased its stake in shares of Woodside Energy Group by 2.8% in the second quarter. Truist Financial Corp now owns 95,042 shares of the company’s stock worth $1,788,000 after buying an additional 2,564 shares during the period. Creative Planning raised its stake in shares of Woodside Energy Group by 75.2% during the second quarter. Creative Planning now owns 92,243 shares of the company’s stock valued at $1,735,000 after acquiring an additional 39,602 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Woodside Energy Group during the second quarter worth about $249,000. Millennium Management LLC lifted its holdings in 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 buying an additional 48,278 shares during the period. Finally, Earnest Partners LLC raised its holdings in shares of Woodside Energy Group by 4.3% during the second quarter. Earnest Partners LLC now owns 226,782 shares of the company’s stock valued at $4,266,000 after acquiring an additional 9,363 shares in the last quarter. 3.17% of the stock is owned by 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.