Zacks Research Upgrades Woodside Energy Group (NYSE:WDS) to Hold

Woodside Energy Group (NYSE:WDS) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts also recently weighed in on WDS. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a report on Monday, June 8th. Bank of America assumed coverage on shares of Woodside Energy Group in a research report on Tuesday. They issued a “neutral” rating and a $23.21 price objective on the stock. Finally, Needham & Company LLC assumed coverage on shares of Woodside Energy Group in a research note on Tuesday. They issued a “neutral” rating and a $23.21 target price on the stock. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Woodside Energy Group presently has a consensus rating of “Hold” and an average price target of $23.21.

Woodside Energy Group Trading Down 1.6%

Shares of NYSE:WDS opened at $22.93 on Tuesday. Woodside Energy Group has a 1 year low of $14.27 and a 1 year high of $25.19. The business has a fifty day moving average price of $21.22 and a two-hundred day moving average price of $21.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.46 and a current ratio of 1.59.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WDS. Arax Advisory Partners increased its holdings in Woodside Energy Group by 257.0% in the 4th quarter. Arax Advisory Partners now owns 1,660 shares of the company’s stock worth $26,000 after acquiring an additional 1,195 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after purchasing an additional 1,102 shares during the last quarter. EFG International AG purchased a new stake in Woodside Energy Group during the fourth quarter valued at about $32,000. Caitong International Asset Management Co. Ltd bought a new position in Woodside Energy Group during the fourth quarter worth about $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Woodside Energy Group by 38.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after purchasing an additional 646 shares during the period. Hedge funds and other institutional investors own 3.17% of the company’s stock.

About Woodside Energy Group

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.