Woodside Energy Group Ltd (NYSE:WDS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have received an average rating of “Moderate Buy” from the four research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.21.

Several equities analysts have recently commented on the company. Zacks Research upgraded Woodside Energy Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Needham & Company LLC assumed 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. Bank of America began coverage on shares of Woodside Energy Group in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a report on Friday, September 4th.

Woodside Energy Group Stock Down 1.9%

Shares of WDS stock opened at $21.04 on Friday. Woodside Energy Group has a twelve month low of $14.57 and a twelve month high of $25.19. The stock has a fifty day simple moving average of $22.87 and a two-hundred day simple moving average of $21.92. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25.

Woodside Energy Group Dividend Announcement

The firm 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. The ex-dividend date was Friday, September 4th. This represents a dividend yield of 500.0%.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently modified their holdings of WDS. Allworth Financial LP lifted its stake in shares of Woodside Energy Group by 15.8% during the 3rd quarter. Allworth Financial LP now owns 4,338 shares of the company’s stock worth $96,000 after purchasing an additional 592 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Woodside Energy Group by 57.4% during the third quarter. Russell Investments Group Ltd. now owns 125,870 shares of the company’s stock valued at $2,791,000 after purchasing an additional 45,918 shares in the last quarter. Keybank National Association OH grew its stake in Woodside Energy Group by 16.8% in the third quarter. Keybank National Association OH now owns 19,190 shares of the company’s stock valued at $425,000 after purchasing an additional 2,763 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Woodside Energy Group by 10.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 21,467 shares of the company’s stock valued at $466,000 after purchasing an additional 2,025 shares during the last quarter. Finally, Ethic Inc. grew its stake in Woodside Energy Group by 1.9% in the third quarter. Ethic Inc. now owns 129,681 shares of the company’s stock valued at $2,875,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

About Woodside Energy Group

Woodside Energy Group Ltd. is an Australian energy company engaged in the exploration, development, production and sale of oil and natural gas. Its products include liquefied natural gas (LNG), pipeline gas, crude oil and condensate, which it supplies to customers in global energy markets.

Founded in 1954, Woodside has developed major Australian projects, including the North West Shelf and Pluto LNG operations. The company expanded its petroleum business in 2022 through a merger with BHP’s oil and gas assets, and its operations and development interests span Australia and other regions, including the Americas and Africa.

Woodside is headquartered in Perth, Western Australia.