Woodside Energy Group Ltd (NYSE:WDS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Woodside Energy Group Ltd (NYSE:WDS) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four investment 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.

A number of research analysts have commented on WDS shares. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th.

Woodside Energy Group Price Performance

Woodside Energy Group stock opened at $15.52 on Friday. The company has a market capitalization of $29.46 billion, a price-to-earnings ratio of 18.92 and a beta of 1.09. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group has a 12 month low of $14.34 and a 12 month high of $20.30. The stock’s 50 day moving average is $15.49 and its 200-day 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 paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s payout ratio is 163.41%.

Hedge Funds Weigh In On Woodside Energy Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in Woodside Energy Group by 155.3% during the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. Huntington National Bank raised its holdings in shares of Woodside Energy Group by 482.5% during the 4th quarter. Huntington National Bank now owns 1,730 shares of the company’s stock worth $27,000 after buying an additional 1,433 shares in the last quarter. Greenline Partners LLC acquired a new stake in Woodside Energy Group in the fourth quarter valued at about $30,000. R Squared Ltd bought a new position in Woodside Energy Group in the fourth quarter valued at about $30,000. Finally, Addison Advisors LLC raised its stake in Woodside Energy Group by 559.9% during the fourth quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after acquiring an additional 1,674 shares in the last quarter. 3.17% of the stock is currently 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.