Wall Street Zen Downgrades Woodside Energy Group (NYSE:WDS) to Sell

Woodside Energy Group (NYSE:WDS) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Sunday.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Woodside Energy Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Price Performance

WDS stock opened at $15.99 on Friday. The stock’s 50 day moving average is $16.21 and its two-hundred day moving average is $16.16. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of Woodside Energy Group in the first quarter valued at approximately $279,000. Jane Street Group LLC grew its holdings in Woodside Energy Group by 648.0% in the 1st quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock worth $5,555,000 after buying an additional 332,125 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after acquiring an additional 1,102 shares during the period. Moody National Bank Trust Division increased its position in Woodside Energy Group by 32.4% in the 2nd quarter. Moody National Bank Trust Division now owns 13,396 shares of the company’s stock valued at $207,000 after acquiring an additional 3,277 shares during the period. Finally, GAMMA Investing LLC raised its stake in Woodside Energy Group by 105.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company’s stock valued at $42,000 after acquiring an additional 1,398 shares in the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

Woodside Energy Group Company Profile

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.