Woodside Energy Group (NYSE:WDS) Shares Gap Down – Time to Sell?

Woodside Energy Group Ltd (NYSE:WDS)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $16.56, but opened at $16.02. Woodside Energy Group shares last traded at $16.05, with a volume of 154,188 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup cut Woodside Energy Group from a “neutral” rating to a “sell” rating in a research report on Wednesday, September 4th. Morgan Stanley downgraded shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Sanford C. Bernstein cut shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. The Goldman Sachs Group lowered shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada raised Woodside Energy Group to a “moderate buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Woodside Energy Group currently has a consensus rating of “Hold”.

Woodside Energy Group Stock Up 0.4 %

The company has a 50 day simple moving average of $17.18 and a 200-day simple moving average of $18.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09.

Woodside Energy Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, September 6th were paid a $0.67 dividend. The ex-dividend date of this dividend was Friday, September 6th. This is an increase from Woodside Energy Group’s previous Semi-Annual dividend of $0.60. This represents a yield of 6.8%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC bought a new position in Woodside Energy Group during the 2nd quarter worth approximately $29,000. Russell Investments Group Ltd. grew its holdings in Woodside Energy Group by 54.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,710 shares of the company’s stock worth $34,000 after acquiring an additional 602 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Woodside Energy Group by 81.8% in the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after acquiring an additional 900 shares during the period. Whittier Trust Co. raised its stake in shares of Woodside Energy Group by 25.1% during the second quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock valued at $58,000 after acquiring an additional 615 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Woodside Energy Group by 97.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock valued at $60,000 after purchasing an additional 1,631 shares during the period. 3.17% of the stock is owned by institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd engages in the exploration, evaluation, development, production, and marketing of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe. The company produces liquefied natural gas, pipeline gas, crude oil and condensate, and natural gas liquids. It holds interests in the Pluto LNG, North West Shelf, Wheatstone and Julimar-Brunello, Bass Strait, Ngujima-Yin FPSO, Okha FPSO, Pyrenees FPSO, Macedon, Shenzi, Mad dog, Greater Angostura, as well as Scarborough, Sangomar, Trion, Calypso, Browse, Liard, Atlantis, Woodside Solar opportunity, and Sunrise and Troubadour.