Woodside Energy Group Ltd (NYSE:WDS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities research analysts have issued reports on the stock. Bank of America upgraded shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 29th. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 25th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WDS. Huntington National Bank lifted its stake in shares of Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company’s stock worth $27,000 after acquiring an additional 1,433 shares during the period. Avior Wealth Management LLC lifted its holdings in Woodside Energy Group by 155.3% in the third quarter. Avior Wealth Management LLC now owns 1,644 shares of the company’s stock valued at $28,000 after buying an additional 1,000 shares during the period. R Squared Ltd bought a new stake in Woodside Energy Group during the fourth quarter valued at $30,000. Greenline Partners LLC bought a new stake in Woodside Energy Group during the fourth quarter valued at $30,000. Finally, Addison Advisors LLC grew its holdings in Woodside Energy Group by 559.9% during the 4th quarter. Addison Advisors LLC now owns 1,973 shares of the company’s stock worth $31,000 after acquiring an additional 1,674 shares during the period. Institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

Shares of NYSE WDS opened at $14.55 on Thursday. The business has a fifty day moving average price of $15.20 and a two-hundred day moving average price of $15.78. The stock has a market capitalization of $27.62 billion, a PE ratio of 17.74 and a beta of 1.03. 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 has a fifty-two week low of $14.11 and a fifty-two week high of $20.30.

Woodside Energy Group Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be issued a dividend of $0.51 per share. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, March 7th. Woodside Energy Group’s dividend payout ratio (DPR) is presently 124.39%.

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.