Woodside Energy Group (NYSE:WDS) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of Woodside Energy Group (NYSE:WDS) in a report published on Tuesday morning, MarketBeat reports. The brokerage issued a neutral rating and a $23.21 price objective on the stock.

WDS has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Woodside Energy Group in a research report on Monday, June 8th. Needham & Company LLC initiated coverage on shares of Woodside Energy Group in a research report on Tuesday. They set a “neutral” rating and a $23.21 price target for the company. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Woodside Energy Group presently has a consensus rating of “Hold” and a consensus price target of $23.21.

Woodside Energy Group Stock Performance

Shares of WDS opened at $22.80 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.46 and a debt-to-equity ratio of 0.28. Woodside Energy Group has a 52-week low of $14.27 and a 52-week high of $25.19. The company has a 50-day simple moving average of $21.23 and a 200-day simple moving average of $21.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of Woodside Energy Group by 32.3% in the 4th quarter. Morgan Stanley now owns 4,539,156 shares of the company’s stock worth $70,765,000 after buying an additional 1,108,540 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Woodside Energy Group by 4.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,416,708 shares of the company’s stock valued at $53,266,000 after acquiring an additional 148,588 shares in the last quarter. UBS Group AG raised its position in Woodside Energy Group by 381.1% during the fourth quarter. UBS Group AG now owns 1,222,912 shares of the company’s stock worth $19,065,000 after acquiring an additional 968,707 shares during the last quarter. First Trust Advisors LP raised its position in Woodside Energy Group by 25.8% during the first quarter. First Trust Advisors LP now owns 1,119,202 shares of the company’s stock worth $26,727,000 after acquiring an additional 229,625 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Woodside Energy Group by 3,532.4% in the fourth quarter. Millennium Management LLC now owns 735,455 shares of the company’s stock valued at $11,466,000 after purchasing an additional 715,208 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company’s stock.

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.