Woodside Energy Group (NYSE:WDS) Rating Increased to Buy at Bank of America

Bank of America upgraded shares of Woodside Energy Group (NYSE:WDS) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports.

Woodside Energy Group Stock Up 1.2 %

WDS stock opened at $15.45 on Wednesday. The stock’s 50 day simple moving average is $15.64 and its 200 day simple moving average is $16.57. 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 12-month low of $14.34 and a 12-month high of $21.38.

Hedge Funds Weigh In On Woodside Energy Group

A number of large investors have recently bought and sold shares of the business. FMR LLC raised its position in shares of Woodside Energy Group by 92.2% during the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company’s stock worth $34,879,000 after purchasing an additional 970,640 shares during the period. XY Capital Ltd increased its position in Woodside Energy Group by 554.0% in the third quarter. XY Capital Ltd now owns 334,833 shares of the company’s stock worth $5,773,000 after buying an additional 283,633 shares during the period. Bank of Montreal Can bought a new stake in Woodside Energy Group in the second quarter valued at $3,961,000. Jane Street Group LLC lifted its stake in Woodside Energy Group by 154.0% in the third quarter. Jane Street Group LLC now owns 308,503 shares of the company’s stock valued at $5,319,000 after buying an additional 187,033 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Woodside Energy Group by 148.6% during the third quarter. HighTower Advisors LLC now owns 137,468 shares of the company’s stock valued at $2,354,000 after acquiring an additional 82,161 shares during the period. Institutional investors own 3.17% of the company’s stock.

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.