Woodside Energy Group Ltd (NYSE:WDS) Given Average Rating of “Moderate Buy” by Brokerages

Woodside Energy Group Ltd (NYSE:WDS) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

Several research firms recently issued reports on WDS. Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 29th. Citigroup upgraded Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday, February 25th.

Woodside Energy Group Stock Down 1.0 %

WDS stock opened at $15.36 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The stock has a market capitalization of $29.16 billion, a P/E ratio of 18.73 and a beta of 1.09. The business has a 50-day moving average of $15.50 and a 200-day moving average of $16.15. Woodside Energy Group has a fifty-two week low of $14.34 and a fifty-two week high of $20.30.

Woodside Energy Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s payout ratio is presently 163.41%.

Institutional Trading of Woodside Energy Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its stake in Woodside Energy Group by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock valued at $34,000 after buying an additional 661 shares during the period. Virtu Financial LLC raised its stake in Woodside Energy Group by 7.1% in the fourth quarter. Virtu Financial LLC now owns 12,215 shares of the company’s stock valued at $191,000 after buying an additional 813 shares during the period. Mission Wealth Management LP raised its stake in Woodside Energy Group by 8.2% in the fourth quarter. Mission Wealth Management LP now owns 11,650 shares of the company’s stock valued at $182,000 after buying an additional 881 shares during the period. Nisa Investment Advisors LLC raised its stake in Woodside Energy Group by 81.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after buying an additional 900 shares during the period. Finally, Avior Wealth Management LLC raised its stake in Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. Institutional investors 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.