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

Shares of Woodside Energy Group Ltd (NYSE:WDS) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts have recently issued reports on WDS shares. Wall Street Zen cut shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a research note on Monday, December 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a report on Wednesday, December 10th.

Woodside Energy Group Price Performance

Shares of NYSE WDS opened at $15.65 on Wednesday. The business has a fifty day moving average of $16.11 and a two-hundred day moving average of $16.18. 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 52-week low of $11.26 and a 52-week high of $17.70.

Institutional Investors Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC increased its holdings in Woodside Energy Group by 648.0% in the first quarter. Jane Street Group LLC now owns 383,379 shares of the company’s stock valued at $5,555,000 after purchasing an additional 332,125 shares during the last quarter. ABC Arbitrage SA lifted its holdings in shares of Woodside Energy Group by 1,199.9% in the second quarter. ABC Arbitrage SA now owns 295,923 shares of the company’s stock valued at $4,566,000 after purchasing an additional 273,158 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of Woodside Energy Group during the first quarter worth about $2,487,000. Hsbc Holdings PLC acquired a new position in Woodside Energy Group during the 2nd quarter worth approximately $2,606,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Woodside Energy Group during the first quarter worth $2,177,000. 3.17% of the stock is owned by institutional investors and hedge funds.

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.