Woodside Energy Group (NYSE:WDS) Raised to Neutral at Citigroup

Citigroup upgraded shares of Woodside Energy Group (NYSE:WDS - Free Report) from a sell rating to a neutral rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports.

Separately, Bank of America upgraded shares of Woodside Energy Group from a "neutral" rating to a "buy" rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Woodside Energy Group has a consensus rating of "Moderate Buy".

Woodside Energy Group Trading Down 1.0 %

NYSE WDS traded down $0.15 during mid-day trading on Tuesday, hitting $15.36. The company's stock had a trading volume of 655,335 shares, compared to its average volume of 799,790. The firm has a market capitalization of $29.16 billion, a P/E ratio of 18.73 and a beta of 1.09. 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 has a 52-week low of $14.34 and a 52-week high of $20.30. The stock's fifty day simple moving average is $15.49 and its two-hundred day simple moving average is $16.16.

Woodside Energy Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th will be given a $0.51 dividend. This represents a yield of 7.6%. The ex-dividend date is Friday, March 7th. Woodside Energy Group's dividend payout ratio (DPR) is 163.41%.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in 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 buying an additional 661 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Woodside Energy Group by 12.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company's stock valued at $2,425,000 after acquiring an additional 16,118 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Woodside Energy Group by 100.2% during the third quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company's stock worth $1,303,000 after acquiring an additional 39,905 shares during the last quarter. Confluence Investment Management LLC lifted its stake in shares of Woodside Energy Group by 16.2% in the fourth quarter. Confluence Investment Management LLC now owns 24,363 shares of the company's stock worth $380,000 after acquiring an additional 3,400 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Woodside Energy Group by 23.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,560 shares of the company's stock valued at $198,000 after purchasing an additional 2,425 shares during the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

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.