Woodside Energy Group (NYSE:WDS) Cut to “Sell” at Citigroup

Citigroup downgraded shares of Woodside Energy Group (NYSE:WDS) from a neutral rating to a sell rating in a research report released on Wednesday, MarketBeat reports.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein downgraded shares of Woodside Energy Group from an outperform rating to a market perform rating in a research report on Tuesday, August 20th. The Goldman Sachs Group downgraded shares of Woodside Energy Group from a strong-buy rating to a hold rating in a research report on Thursday, August 8th. Macquarie raised shares of Woodside Energy Group to a strong-buy rating in a research report on Sunday, June 23rd. Morgan Stanley downgraded shares of Woodside Energy Group from an overweight rating to an equal weight rating in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada raised shares of Woodside Energy Group to a moderate buy rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold.

Woodside Energy Group Trading Down 4.7 %

Shares of WDS stock opened at $15.89 on Wednesday. Woodside Energy Group has a 12-month low of $15.81 and a 12-month high of $24.85. The firm has a fifty day moving average of $18.16 and a 200-day moving average of $18.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 0.90.

Woodside Energy Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 6th will be given a $0.67 dividend. This represents a dividend yield of 6.8%. The ex-dividend date is Friday, September 6th. This is an increase from Woodside Energy Group’s previous Semi-Annual dividend of $0.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC grew its position in shares of Woodside Energy Group by 25.4% in the 2nd quarter. Natixis Advisors LLC now owns 1,826,619 shares of the company’s stock valued at $34,359,000 after acquiring an additional 369,994 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Woodside Energy Group by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock worth $16,360,000 after buying an additional 6,267 shares during the period. Associated Banc Corp boosted its holdings in shares of Woodside Energy Group by 1.2% during the 4th quarter. Associated Banc Corp now owns 810,878 shares of the company’s stock worth $17,101,000 after buying an additional 9,617 shares during the period. Millennium Management LLC boosted its holdings in shares of Woodside Energy Group by 10.6% during the 2nd quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock worth $9,506,000 after buying an additional 48,278 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Woodside Energy Group by 19.1% during the 1st quarter. Raymond James & Associates now owns 471,747 shares of the company’s stock worth $9,421,000 after buying an additional 75,789 shares during the period. Institutional investors own 3.17% of the company’s stock.

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.