Woodside Energy Group’s (WDS) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Woodside Energy Group (NYSE:WDS) in a report published on Wednesday morning,Weiss Ratings reports.

A number of other analysts also recently issued reports on the company. CLSA upgraded Woodside Energy Group to a “strong-buy” rating in a research report on Tuesday, June 24th. Wall Street Zen upgraded Woodside Energy Group from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Woodside Energy Group has an average rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

Shares of WDS opened at $14.30 on Wednesday. The company has a market cap of $27.15 billion, a PE ratio of 17.44 and a beta of 0.63. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $16.38 and a 200-day moving average price of $15.19. Woodside Energy Group has a 12-month low of $11.26 and a 12-month high of $17.70.

Woodside Energy Group Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, August 29th were given a $0.53 dividend. This represents a yield of 616.0%. The ex-dividend date was Friday, August 29th. This is a positive change from Woodside Energy Group’s previous semi-annual dividend of $0.51. Woodside Energy Group’s dividend payout ratio is presently 124.39%.

Institutional Trading of Woodside Energy Group

A number of hedge funds have recently bought and sold shares of WDS. Jane Street Group LLC lifted its position in Woodside Energy Group by 648.0% in the 1st quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock worth $5,555,000 after buying an additional 332,125 shares during the last quarter. ABC Arbitrage SA increased its stake in Woodside Energy Group by 1,199.9% in the 2nd quarter. ABC Arbitrage SA now owns 295,923 shares of the company’s stock worth $4,566,000 after purchasing an additional 273,158 shares during the period. OLD Mission Capital LLC purchased a new position in Woodside Energy Group in the 1st quarter worth approximately $2,487,000. Hsbc Holdings PLC purchased a new position in Woodside Energy Group in the 2nd quarter worth approximately $2,606,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Woodside Energy Group in the 1st quarter worth approximately $2,177,000. 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.