Woodside Energy Group (NYSE:WDS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Woodside Energy Group (NYSE:WDS) from a sell rating to a hold rating in a research report released on Saturday morning.

Separately, CLSA raised shares of Woodside Energy Group to a “strong-buy” rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Woodside Energy Group currently has an average rating of “Moderate Buy”.

Woodside Energy Group Price Performance

Shares of WDS opened at $16.35 on Friday. The firm has a market capitalization of $31.04 billion, a PE ratio of 19.93 and a beta of 0.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $18.42. The company’s fifty day moving average price is $16.74 and its 200-day moving average price is $15.07.

Woodside Energy Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 29th will be given a dividend of $0.53 per share. This is a boost from Woodside Energy Group’s previous semi-annual dividend of $0.51. The ex-dividend date is Friday, August 29th. This represents a dividend yield of 616.0%. Woodside Energy Group’s payout ratio is currently 124.39%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Greenline Partners LLC acquired a new stake in Woodside Energy Group in the 4th quarter valued at about $30,000. Rothschild Investment LLC raised its holdings in Woodside Energy Group by 137.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock valued at $32,000 after acquiring an additional 1,201 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after acquiring an additional 1,102 shares during the last quarter. MAI Capital Management raised its holdings in Woodside Energy Group by 206.6% in the 2nd quarter. MAI Capital Management now owns 2,287 shares of the company’s stock valued at $35,000 after acquiring an additional 1,541 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Woodside Energy Group by 38.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock valued at $36,000 after acquiring an additional 646 shares during the last quarter. Institutional investors and hedge funds 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.