Woodside Energy Group Ltd (NYSE:WDS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have recently weighed in on WDS. Citigroup upgraded shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 25th. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th.

Institutional Investors Weigh In On Woodside Energy Group

A number of hedge funds have recently added to or reduced their stakes in WDS. GAMMA Investing LLC raised 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 buying an additional 661 shares in the last quarter. Summit Global Investments acquired a new position in Woodside Energy Group during the fourth quarter worth $5,308,000. Charles Schwab Investment Management Inc. raised its position in Woodside Energy Group by 12.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company’s stock worth $2,425,000 after acquiring an additional 16,118 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Woodside Energy Group by 100.2% in the third quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company’s stock valued at $1,303,000 after acquiring an additional 39,905 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Woodside Energy Group by 3.1% during the 4th quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock worth $681,000 after purchasing an additional 1,314 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Stock Up 1.0 %

Shares of NYSE:WDS opened at $14.72 on Thursday. Woodside Energy Group has a 1-year low of $14.11 and a 1-year high of $20.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The stock has a market cap of $27.94 billion, a P/E ratio of 17.95 and a beta of 1.03. The firm has a fifty day moving average price of $15.13 and a 200 day moving average price of $15.77.

Woodside Energy Group Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Stockholders 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 dividend yield of 7.6%. Woodside Energy Group’s dividend payout ratio (DPR) is 124.39%.

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.