Woodside Energy Group (NYSE:WDS) Lowered to “Sell” at Citigroup

Citigroup cut shares of Woodside Energy Group (NYSE:WDS) from a neutral rating to a sell rating in a research note released on Wednesday morning, MarketBeat.com reports.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of Woodside Energy Group from an overweight rating to an equal weight rating in a research note on Tuesday, August 27th. Sanford C. Bernstein downgraded shares of Woodside Energy Group from an outperform rating to a market perform rating in a research note on Tuesday, August 20th. Royal Bank of Canada upgraded shares of Woodside Energy Group to a moderate buy rating in a research note on Tuesday, August 6th. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a strong-buy rating to a hold rating in a research note on Thursday, August 8th. Finally, Macquarie upgraded shares of Woodside Energy Group to a strong-buy rating in a research note on Sunday, June 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold.

Woodside Energy Group Price Performance

Woodside Energy Group stock opened at $15.89 on Wednesday. Woodside Energy Group has a 1 year low of $15.81 and a 1 year high of $24.85. The firm has a 50 day moving average price of $18.16 and a 200 day moving average price of $18.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 1.24.

Woodside Energy Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th will be given a dividend of $0.67 per share. This is a boost from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. This represents a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, September 6th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of Woodside Energy Group during the second quarter worth $29,000. Russell Investments Group Ltd. increased its stake in Woodside Energy Group by 54.3% during the first quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock valued at $34,000 after purchasing an additional 602 shares during the last quarter. Whittier Trust Co. increased its stake in Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after purchasing an additional 615 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Woodside Energy Group by 97.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock valued at $60,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Optiver Holding B.V. bought a new stake in Woodside Energy Group during the fourth quarter valued at $72,000. 3.17% of the stock is owned by institutional investors and hedge funds.

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.