Woodside Energy Group (NYSE:WDS) Rating Lowered to "Hold" at Macquarie

Macquarie downgraded shares of Woodside Energy Group (NYSE:WDS - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday, April 8th,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. Citigroup raised shares of Woodside Energy Group from a "sell" rating to a "neutral" rating in a report on Tuesday, February 25th. Bank of America upgraded Woodside Energy Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Woodside Energy Group currently has a consensus rating of "Hold".

Woodside Energy Group Stock Performance

Shares of NYSE WDS traded down $0.13 during mid-day trading on Tuesday, hitting $12.46. 996,995 shares of the company were exchanged, compared to its average volume of 986,066. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 15.19 and a beta of 0.76. The stock has a 50 day simple moving average of $14.36 and a 200-day simple moving average of $15.40. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $20.17.

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Woodside Energy Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were issued a $0.51 dividend. This represents a yield of 7.6%. The ex-dividend date was Friday, March 7th. Woodside Energy Group's dividend payout ratio (DPR) is 124.39%.

Institutional Investors Weigh In On Woodside Energy Group

A number of large investors have recently added to or reduced their stakes in the business. Huntington National Bank grew its position in shares of Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after purchasing an additional 1,433 shares during the last quarter. R Squared Ltd purchased a new position in Woodside Energy Group during the fourth quarter worth $30,000. Greenline Partners LLC purchased a new stake in shares of Woodside Energy Group in the fourth quarter valued at $30,000. Addison Advisors LLC raised its stake in Woodside Energy Group by 559.9% in the 4th 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 during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Woodside Energy Group by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock worth $34,000 after purchasing an additional 661 shares during the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

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.