Woodside Energy Group (NYSE:WDS) Upgraded to Hold by Citigroup

Citigroup upgraded shares of Woodside Energy Group (NYSE:WDS) from a strong sell rating to a hold rating in a report released on Monday morning, Zacks.com reports.

WDS has been the topic of several other research reports. The Goldman Sachs Group lowered Woodside Energy Group from a strong-buy rating to a hold rating in a research note on Thursday, August 8th. Macquarie upgraded Woodside Energy Group to a strong-buy rating in a research note on Sunday, June 23rd. 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 upgraded shares of Woodside Energy Group to a moderate buy rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley lowered shares of Woodside Energy Group from an overweight rating to an equal weight rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold.

Woodside Energy Group Stock Up 2.1 %

Shares of WDS stock opened at $18.32 on Monday. Woodside Energy Group has a 52-week low of $16.13 and a 52-week high of $25.05. The stock has a market cap of $18.02 billion, a price-to-earnings ratio of 14.31 and a beta of 1.12. The firm’s 50-day moving average is $18.27 and its 200-day moving average is $18.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 1.03.

Hedge Funds Weigh In On Woodside Energy Group

A number of hedge funds have recently bought and sold shares of the business. Natixis Advisors LLC grew its position in shares of Woodside Energy Group by 25.4% during the 2nd quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock worth $34,359,000 after purchasing an additional 369,994 shares in the last quarter. Natixis Advisors L.P. increased its stake in Woodside Energy Group by 15.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,424,126 shares of the company’s stock worth $30,034,000 after acquiring an additional 189,539 shares during the period. Dimensional Fund Advisors LP raised its holdings in Woodside Energy Group by 0.7% in the 2nd 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 lifted its position in shares of Woodside Energy Group by 1.2% during the 4th quarter. Associated Banc Corp now owns 810,878 shares of the company’s stock valued at $17,101,000 after acquiring an additional 9,617 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Woodside Energy Group by 10.6% during the 2nd quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock valued at $9,506,000 after acquiring an additional 48,278 shares during the period. 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.