Woodside Energy Group Ltd (NYSE:WDS) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Woodside Energy Group Ltd (NYSE:WDS) has been assigned a consensus rating of “Moderate Buy” from the four analysts that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $23.21.

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC began coverage on shares of Woodside Energy Group in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price target on the stock. Bank of America assumed coverage on Woodside Energy Group in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.21 price target for the company. Zacks Research raised shares of Woodside Energy Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Woodside Energy Group in a report on Friday, September 4th.

Woodside Energy Group Stock Down 0.5%

Shares of NYSE WDS opened at $23.60 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.39 and a quick ratio of 1.28. Woodside Energy Group has a 1-year low of $14.38 and a 1-year high of $25.19. The stock has a fifty day simple moving average of $23.04 and a two-hundred day simple moving average of $22.37.

Woodside Energy Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a dividend yield of 500.0%.

Institutional Investors Weigh In On Woodside Energy Group

Several institutional investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. lifted its position in Woodside Energy Group by 87.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,394 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares in the last quarter. James T. Borello RIA lifted its stake in Woodside Energy Group by 77.7% during the 3rd quarter. James T. Borello RIA now owns 1,441 shares of the company’s stock valued at $32,000 after acquiring an additional 630 shares during the period. Rockefeller Capital Management L.P. lifted its position in Woodside Energy Group by 20.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 3,930 shares of the company’s stock valued at $61,000 after purchasing an additional 657 shares during the period. Eastern Bank bought a new stake in Woodside Energy Group in the 2nd quarter worth approximately $77,000. Finally, Fifth Third Bancorp raised its stake in Woodside Energy Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 3,460 shares of the company’s stock valued at $83,000 after buying an additional 515 shares during the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd. is an Australia-based energy company engaged in the exploration, development and production of oil and natural gas. Its portfolio includes liquefied natural gas (LNG), pipeline gas, condensate, crude oil and other related energy products, which it supplies to customers in Australia and international markets.

Woodside operates major Australian assets, including the Pluto LNG project and interests in the North West Shelf venture in Western Australia. The company is also developing the Scarborough gas project, which is intended to supply additional gas to Pluto LNG.