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

Key Points

• Analyst sentiment is “Moderate Buy”: Three of four covering firms rate Woodside Energy Group “Hold,” while one rates it “Strong Buy.” The average 12-month price target is $23.21.
• WDS opened at $21.04 after a 1.9% decline; its reported 12-month trading range is $14.57–$25.19.
• Institutional ownership stands at 3.17%, with several funds increasing their positions. Woodside also paid a $0.57-per-share dividend on September 25.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) has received an average recommendation of "Moderate Buy" from the four research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $23.21.

Several research analysts have issued reports on WDS shares. Bank of America initiated coverage on Woodside Energy Group in a research report on Tuesday, August 11th. They set a "neutral" rating and a $23.21 target price for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Woodside Energy Group in a research note on Friday, September 4th. Zacks Research raised Woodside Energy Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 9th. Finally, Needham & Company LLC started coverage on Woodside Energy Group in a report on Tuesday, August 11th. They set a "neutral" rating and a $23.21 price objective for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP lifted its holdings in Woodside Energy Group by 25.8% during the 1st quarter. First Trust Advisors LP now owns 1,119,202 shares of the company's stock valued at $26,727,000 after buying an additional 229,625 shares in the last quarter. Quantinno Capital Management LP grew its stake in Woodside Energy Group by 20.6% in the 1st quarter. Quantinno Capital Management LP now owns 613,278 shares of the company's stock worth $14,645,000 after acquiring an additional 104,720 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Woodside Energy Group by 67.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 415,076 shares of the company's stock worth $8,019,000 after acquiring an additional 166,495 shares in the last quarter. Hourglass Capital LLC increased its position in shares of Woodside Energy Group by 0.9% during the third quarter. Hourglass Capital LLC now owns 329,668 shares of the company's stock worth $7,309,000 after acquiring an additional 2,908 shares during the period. Finally, XY Capital Ltd purchased a new position in shares of Woodside Energy Group during the second quarter worth approximately $3,439,000. 3.17% of the stock is currently owned by institutional investors.

Woodside Energy Group Stock Down 1.9%

Shares of NYSE:WDS opened at $21.04 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25. Woodside Energy Group has a 12 month low of $14.57 and a 12 month high of $25.19. The firm's 50-day moving average is $22.87 and its 200 day moving average is $21.92.

Woodside Energy Group Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 25th. Stockholders 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.

Woodside Energy Group Company Profile

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.

Woodside is headquartered in Perth, Western Australia.

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