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

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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDS. CWM LLC grew its holdings in Woodside Energy Group by 109.1% during the 3rd quarter. CWM LLC now owns 6,087 shares of the company's stock worth $105,000 after acquiring an additional 3,176 shares in the last quarter. Creative Planning boosted its holdings in shares of Woodside Energy Group by 6.9% in the 3rd quarter. Creative Planning now owns 98,641 shares of the company's stock valued at $1,701,000 after buying an additional 6,398 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Woodside Energy Group by 71.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,135 shares of the company's stock valued at $175,000 after buying an additional 4,237 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Woodside Energy Group in the 3rd quarter valued at $282,000. Finally, Ballentine Partners LLC boosted its holdings in shares of Woodside Energy Group by 48.0% in the 3rd quarter. Ballentine Partners LLC now owns 28,467 shares of the company's stock valued at $491,000 after buying an additional 9,239 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

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Woodside Energy Group Price Performance

Woodside Energy Group stock opened at $15.47 on Friday. The company's 50 day simple moving average is $15.47 and its 200-day simple moving average is $16.17. Woodside Energy Group has a 1 year low of $14.34 and a 1 year 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.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be issued a dividend of $0.51 per share. This represents a yield of 7.6%. The ex-dividend date of this dividend is Friday, March 7th.

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.