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

Shares of Woodside Energy Group Ltd (NYSE:WDS) have been assigned a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company.

A number of equities research analysts have recently issued reports on WDS shares. Royal Bank of Canada upgraded shares of Woodside Energy Group to a “moderate buy” rating in a research note on Tuesday, August 6th. The Goldman Sachs Group lowered shares of Woodside Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 8th. Sanford C. Bernstein lowered shares of Woodside Energy Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 20th. Morgan Stanley lowered shares of Woodside Energy Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 27th. Finally, Citigroup lowered shares of Woodside Energy Group from a “neutral” rating to a “sell” rating in a research note on Wednesday, September 4th.

Institutional Investors Weigh In On Woodside Energy Group

A number of institutional investors have recently modified their holdings of WDS. Rothschild Investment LLC bought a new position in Woodside Energy Group in the 2nd quarter worth about $29,000. Russell Investments Group Ltd. grew its position 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 purchasing an additional 602 shares during the last quarter. Whittier Trust Co. grew its position in Woodside Energy Group by 25.1% in the 2nd quarter. Whittier Trust Co. now owns 3,063 shares of the company’s stock worth $58,000 after purchasing an additional 615 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Woodside Energy Group by 97.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,307 shares of the company’s stock worth $60,000 after purchasing an additional 1,631 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Woodside Energy Group in the 1st quarter worth about $92,000. Institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Stock Performance

Shares of Woodside Energy Group stock opened at $16.56 on Wednesday. The firm’s 50-day simple moving average is $17.20 and its 200-day simple moving average is $18.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.09 and a current ratio of 1.24. Woodside Energy Group has a 1 year low of $15.32 and a 1 year high of $22.50.

Woodside Energy Group Increases Dividend

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

About Woodside Energy Group

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.