Woodside Energy Group Ltd (WDS) – What Are Brokerages Thinking About This Stock?

Woodside Energy Group Ltd (NYSE:WDS) has received an average rating of “Moderate Buy” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $23.21.

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

Hedge Funds Weigh In On Woodside Energy Group

A number of hedge funds and other institutional investors have recently modified their holdings of WDS. First Trust Advisors LP boosted its holdings in shares of Woodside Energy Group by 25.8% in the first quarter. First Trust Advisors LP now owns 1,119,202 shares of the company’s stock worth $26,727,000 after buying an additional 229,625 shares during the period. Quantinno Capital Management LP lifted its position in shares of Woodside Energy Group by 20.6% in the 1st quarter. Quantinno Capital Management LP now owns 613,278 shares of the company’s stock valued at $14,645,000 after acquiring an additional 104,720 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Woodside Energy Group by 67.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 415,076 shares of the company’s stock valued at $8,019,000 after acquiring an additional 166,495 shares in the last quarter. Hourglass Capital LLC boosted its stake in Woodside Energy Group by 0.9% in the 3rd quarter. Hourglass Capital LLC now owns 329,668 shares of the company’s stock worth $7,309,000 after purchasing an additional 2,908 shares during the period. Finally, XY Capital Ltd acquired a new position in Woodside Energy Group in the 2nd quarter worth approximately $3,439,000. Institutional investors and hedge funds own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

NYSE:WDS traded down $0.17 during trading hours on Friday, reaching $21.07. 528,736 shares of the stock were exchanged, compared to its average volume of 659,762. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $22.62 and a 200-day simple moving average of $22.03. Woodside Energy Group has a 52 week low of $14.57 and a 52 week high of $25.19.

Woodside Energy Group Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 4th were given a dividend of $0.57 per share. This represents a dividend yield of 500.0%. The ex-dividend date was Friday, September 4th.

About Woodside Energy Group

Woodside Energy Group Ltd. is an Australian energy company engaged in the exploration, development, production and sale of oil and natural gas. Its products include liquefied natural gas (LNG), pipeline gas, crude oil and condensate, which it supplies to customers in global energy markets. Founded in 1954, Woodside has developed major Australian projects, including the North West Shelf and Pluto LNG operations. The company expanded its petroleum business in 2022 through a merger with BHP’s oil and gas assets, and its operations and development interests span Australia and other regions, including the Americas and Africa.