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

Woodside Energy Group Ltd (NYSE:WDS) has been assigned a consensus rating of “Hold” from the four ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.21.

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

Woodside Energy Group Stock Down 1.0%

WDS opened at $22.07 on Friday. The firm’s fifty day moving average price is $23.06 and its 200 day moving average price is $22.46. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.25. Woodside Energy Group has a 12-month low of $14.27 and a 12-month high of $25.19.

Woodside Energy Group Announces Dividend

The company also recently declared a dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a $0.57 dividend. This represents a dividend yield of 500.0%. The ex-dividend date was Friday, September 4th.

Hedge Funds Weigh In On Woodside Energy Group

Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in shares of 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 valued at $26,727,000 after purchasing an additional 229,625 shares during the last quarter. Quantinno Capital Management LP grew its stake in Woodside Energy Group by 20.6% during the 1st quarter. Quantinno Capital Management LP now owns 613,278 shares of the company’s stock worth $14,645,000 after buying an additional 104,720 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Woodside Energy Group by 67.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 415,076 shares of the company’s stock worth $8,019,000 after buying an additional 166,495 shares during the last quarter. XY Capital Ltd acquired a new stake in Woodside Energy Group in the second quarter worth $3,439,000. Finally, Bank of New York Mellon Corp increased its position in Woodside Energy Group by 24.6% in the first quarter. Bank of New York Mellon Corp now owns 127,545 shares of the company’s stock worth $3,046,000 after buying an additional 25,207 shares during the period. 3.17% of the stock is currently owned by 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.