Woodside Energy Group Ltd (NYSE:WDS) Given Consensus Rating of "Hold" by Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) have been given an average recommendation of "Hold" by the six ratings firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

A number of brokerages recently weighed in on WDS. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Macquarie cut Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Finally, Citigroup upgraded shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th.

Institutional Trading of Woodside Energy Group

Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in shares of Woodside Energy Group by 713.0% in the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock worth $16,993,000 after buying an additional 955,303 shares during the period. Marshall Wace LLP bought a new position in Woodside Energy Group during the fourth quarter valued at about $7,809,000. Raymond James Financial Inc. bought a new stake in Woodside Energy Group during the fourth quarter worth approximately $6,554,000. Voloridge Investment Management LLC acquired a new position in Woodside Energy Group in the 4th quarter valued at $5,388,000. Finally, Summit Global Investments acquired a new position in shares of Woodside Energy Group during the 4th quarter worth about $5,308,000. 3.17% of the stock is currently owned by institutional investors.

Remove Ads

Woodside Energy Group Trading Down 1.0 %

Shares of NYSE:WDS traded down $0.13 during trading on Monday, reaching $12.46. The company's stock had a trading volume of 996,995 shares, compared to its average volume of 963,279. The stock has a market capitalization of $23.65 billion, a PE ratio of 15.19 and a beta of 0.76. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $14.36 and its two-hundred day simple moving average is $15.40. Woodside Energy Group has a 12 month low of $11.26 and a 12 month high of $20.17.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 7th. This represents a dividend yield of 7.6%. Woodside Energy Group's dividend payout ratio 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.