Woodside Energy Group Ltd (NYSE:WDS) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Woodside Energy Group, with all four covering firms assigning hold or neutral ratings and an average 12-month price target of $23.21.
• WDS shares opened at $23.17, down 1.9%, with the stock trading between a 52-week low of $14.27 and high of $25.19.
• Woodside declared a $0.57 per-share dividend, payable September 25 to shareholders of record as of September 4; institutional investors own 3.17% of the company.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) has earned an average recommendation of "Hold" from the four research firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $23.21.

Several equities research analysts have commented on WDS shares. Needham & Company LLC assumed coverage on Woodside Energy Group in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $23.21 price objective on the stock. Zacks Research upgraded shares of Woodside Energy Group to a "hold" rating in a research note on Tuesday, August 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Woodside Energy Group in a report on Friday, September 4th. Finally, Bank of America assumed coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They issued a "neutral" rating and a $23.21 price objective for the company.

Woodside Energy Group Stock Down 1.9%

Woodside Energy Group stock opened at $23.17 on Friday. The business's 50-day moving average price is $22.93 and its 200 day moving average price is $22.44. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.25. Woodside Energy Group has a 52 week low of $14.27 and a 52 week high of $25.19.

Woodside Energy Group Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a yield of 500.0%.

Hedge Funds Weigh In On Woodside Energy Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDS. Sequoia Financial Advisors LLC boosted its stake in shares of Woodside Energy Group by 3.8% in the second quarter. Sequoia Financial Advisors LLC now owns 62,187 shares of the company's stock worth $1,201,000 after acquiring an additional 2,296 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Woodside Energy Group by 9.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 39,636 shares of the company's stock worth $766,000 after purchasing an additional 3,465 shares during the last quarter. Waverly Advisors LLC grew its holdings in shares of Woodside Energy Group by 23.2% during the second quarter. Waverly Advisors LLC now owns 30,570 shares of the company's stock worth $591,000 after buying an additional 5,751 shares in the last quarter. Corient Private Wealth LP grew its stake in Woodside Energy Group by 7.4% during the 2nd quarter. Corient Private Wealth LP now owns 46,280 shares of the company's stock valued at $894,000 after acquiring an additional 3,185 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings 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 during the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group Ltd. is an Australian energy company headquartered in Perth, Western Australia. The company explores for, develops, produces and markets oil, natural gas, liquefied natural gas (LNG), condensate and natural gas liquids. It serves customers in Australia and international energy markets, with a focus on supplying gas and LNG for power generation, industrial use and other energy needs.

Woodside operates a portfolio of upstream projects and facilities in Australia and has interests in international developments, including assets and projects in the United States Gulf of Mexico and offshore West Africa.

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