Woodside Energy Group Ltd (NYSE:WDS) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms recently commented on WDS. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research report on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th.

Woodside Energy Group Stock Down 1.5 %

WDS traded down $0.22 during trading on Thursday, reaching $14.20. The company had a trading volume of 1,045,194 shares, compared to its average volume of 922,643. The company has a market cap of $26.97 billion, a P/E ratio of 17.32 and a beta of 1.03. Woodside Energy Group has a 12 month low of $14.11 and a 12 month high of $20.30. 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 business's fifty day moving average price is $15.23 and its 200 day moving average price is $15.82.

Woodside Energy Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be given a $0.51 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, March 7th. Woodside Energy Group's dividend payout ratio is presently 124.39%.

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Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WDS. Huntington National Bank boosted its stake in shares of 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 buying an additional 1,433 shares during the last quarter. Avior Wealth Management LLC raised its holdings in 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 acquiring an additional 1,000 shares in the last quarter. R Squared Ltd bought a new stake in Woodside Energy Group during the fourth quarter worth about $30,000. Greenline Partners LLC acquired a new position in Woodside Energy Group during the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC grew its stake in Woodside Energy Group by 559.9% in the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company's stock valued at $31,000 after purchasing an additional 1,674 shares in the last quarter. Institutional investors own 3.17% of the company's stock.

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.