Woodside Energy Group Ltd (NYSE:WDS) Receives Average Rating of “Hold” from Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have received a consensus rating of “Hold” from the four research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $23.21.

Several brokerages have weighed in on WDS. Needham & Company LLC began coverage on shares of Woodside Energy Group in a research note on Tuesday, August 11th. They set a “neutral” rating and a $23.21 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research note on Friday, September 4th. Bank of America began coverage on shares of Woodside Energy Group in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price objective on the stock. Finally, Zacks Research raised shares of Woodside Energy Group to a “hold” rating in a research report on Tuesday, August 11th.

Woodside Energy Group Stock Performance

Shares of NYSE WDS opened at $23.17 on Friday. The company has a 50 day simple moving average of $22.93 and a 200-day simple moving average of $22.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.28 and a current ratio of 1.39. Woodside Energy Group has a 1 year low of $14.27 and a 1 year high of $25.19.

Woodside Energy Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a yield of 500.0%.

Institutional Trading of Woodside Energy Group

A number of institutional investors and hedge funds have recently bought and sold shares of WDS. First Trust Advisors LP increased its stake in Woodside Energy Group by 25.8% during the 1st quarter. First Trust Advisors LP now owns 1,119,202 shares of the company’s stock worth $26,727,000 after buying an additional 229,625 shares during the period. Quantinno Capital Management LP grew its stake in shares of Woodside Energy Group by 20.6% in the first quarter. Quantinno Capital Management LP now owns 613,278 shares of the company’s stock worth $14,645,000 after acquiring an additional 104,720 shares in the last quarter. XY Capital Ltd acquired a new position in shares of Woodside Energy Group in the second quarter worth $3,439,000. Bank of New York Mellon Corp increased its position in shares of Woodside Energy Group by 24.6% during the first quarter. Bank of New York Mellon Corp now owns 127,545 shares of the company’s stock worth $3,046,000 after acquiring an additional 25,207 shares during the period. Finally, Sei Investments Co. increased its position in shares of Woodside Energy Group by 8.6% during the first quarter. Sei Investments Co. now owns 109,776 shares of the company’s stock worth $2,621,000 after acquiring an additional 8,662 shares during the period. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

About Woodside Energy Group

Woodside Energy Group Ltd. is an Australian energy company headquartered in Perth, Western Australia. The company explores for, develops, produces and markets oil, natural gas, liquefied natural gas (LNG), condensate and natural gas liquids. It serves customers in Australia and international energy markets, with a focus on supplying gas and LNG for power generation, industrial use and other energy needs.

Woodside operates a portfolio of upstream projects and facilities in Australia and has interests in international developments, including assets and projects in the United States Gulf of Mexico and offshore West Africa.