Woodside Energy Group Ltd (NYSE:WDS) Receives Average Rating of “Moderate Buy” from Analysts

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

Several research analysts recently commented on the company. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently bought and sold shares of WDS. Huntington National Bank lifted its holdings in Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company’s stock worth $27,000 after purchasing an additional 1,433 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Woodside Energy Group by 155.3% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock worth $28,000 after buying an additional 1,000 shares in the last quarter. R Squared Ltd bought a new stake in shares of Woodside Energy Group in the fourth quarter valued at about $30,000. Greenline Partners LLC acquired a new position in shares of Woodside Energy Group in the fourth quarter valued at about $30,000. Finally, Addison Advisors LLC increased its position in Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after acquiring an additional 1,674 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Trading Up 2.4 %

Woodside Energy Group stock opened at $14.55 on Thursday. The company has a market cap of $27.62 billion, a price-to-earnings ratio of 17.74 and a beta of 1.03. The firm has a 50-day moving average of $15.20 and a 200-day moving average of $15.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. Woodside Energy Group has a one year low of $14.11 and a one year high of $20.30.

Woodside Energy Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be paid a $0.51 dividend. The ex-dividend date is Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s dividend payout ratio (DPR) is currently 124.39%.

About Woodside Energy Group

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.