Woodside Energy Group (NYSE:WDS) Hits New 52-Week High – Should You Buy?

Woodside Energy Group Ltd (NYSE:WDS)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $22.86 and last traded at $22.6350, with a volume of 1236619 shares. The stock had previously closed at $22.20.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WDS. Wall Street Zen raised Woodside Energy Group from a “sell” rating to a “hold” rating in a report on Monday, January 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Woodside Energy Group presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Trading Up 7.1%

The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. The company’s fifty day moving average price is $19.00 and its 200 day moving average price is $16.98.

Woodside Energy Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 6th will be paid a dividend of $0.59 per share. This represents a yield of 594.0%. The ex-dividend date is Friday, March 6th.

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new stake in shares of Woodside Energy Group during the 1st quarter worth $279,000. Jane Street Group LLC increased its position in shares of Woodside Energy Group by 648.0% in the first quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock worth $5,555,000 after purchasing an additional 332,125 shares during the period. Geneos Wealth Management Inc. raised its stake in Woodside Energy Group by 111.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after purchasing an additional 1,102 shares in the last quarter. Allworth Financial LP raised its stake in Woodside Energy Group by 81.2% in the second quarter. Allworth Financial LP now owns 3,613 shares of the company’s stock valued at $56,000 after purchasing an additional 1,619 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Woodside Energy Group by 9.2% during the second quarter. PNC Financial Services Group Inc. now owns 51,052 shares of the company’s stock worth $788,000 after purchasing an additional 4,316 shares during the period. 3.17% of the stock is owned by institutional investors and hedge funds.

About Woodside Energy Group

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.