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

Shares of Woodside Energy Group Ltd (NYSE:WDS) have been assigned an average rating of “Hold” from the four brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $23.21.

Several research firms have recently commented on WDS. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research report on Monday, June 8th. Zacks Research upgraded shares of Woodside Energy Group to a “hold” rating in a research note on Tuesday, August 11th. Needham & Company LLC started coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.21 target price for the company. Finally, Bank of America initiated coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price target on the stock.

Institutional Trading of Woodside Energy Group

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

Woodside Energy Group Stock Performance

WDS stock traded down $0.94 during mid-day trading on Tuesday, reaching $22.88. The company had a trading volume of 457,920 shares, compared to its average volume of 1,000,969. Woodside Energy Group has a 52 week low of $14.27 and a 52 week high of $25.19. The stock has a 50 day simple moving average of $21.51 and a two-hundred day simple moving average of $21.86. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 0.28.

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.