Woodside Energy Group (NYSE:WDS) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen has upgraded **Woodside Energy Group** from a "sell" rating to a "hold" rating, indicating a more neutral outlook on the stock.
• CLSA has assigned a **"strong-buy"** rating to Woodside Energy Group, contributing to an average rating of "Moderate Buy" among analysts.
• Woodside Energy Group's shares opened at **$16.66**, with a market cap of **$31.62 billion** and a P/E ratio of **20.31**.

Woodside Energy Group (NYSE:WDS - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Separately, CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

Woodside Energy Group Stock Up 0.7%

NYSE WDS traded up $0.12 during trading hours on Friday, reaching $16.65. 705,868 shares of the company's stock traded hands, compared to its average volume of 662,725. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $18.42. The firm has a market cap of $31.60 billion, a PE ratio of 20.30 and a beta of 0.69. The firm has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $15.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Kornitzer Capital Management Inc. KS raised its holdings in shares of Woodside Energy Group by 1.5% during the second quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company's stock valued at $656,000 after purchasing an additional 643 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $36,000 after purchasing an additional 646 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Woodside Energy Group by 21.9% during the second quarter. NewEdge Advisors LLC now owns 4,171 shares of the company's stock valued at $64,000 after purchasing an additional 750 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Woodside Energy Group by 17.6% during the second quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company's stock valued at $81,000 after purchasing an additional 781 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Woodside Energy Group by 7.5% during the second quarter. Osaic Holdings Inc. now owns 13,182 shares of the company's stock valued at $203,000 after purchasing an additional 914 shares during the last quarter. Hedge funds and other institutional investors own 3.17% of the company's stock.

Woodside Energy Group Company Profile

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.