Woodside Energy Group (NYSE:WDS) Stock Rating Upgraded by 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 equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Separately, CLSA upgraded Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Woodside Energy Group Stock Performance

NYSE:WDS traded down $0.31 during mid-day trading on Friday, hitting $16.35. 663,482 shares of the company's stock traded hands, compared to its average volume of 604,927. The firm has a 50 day moving average of $16.74 and a two-hundred day moving average of $15.07. Woodside Energy Group has a 12 month low of $11.26 and a 12 month high of $18.42. The firm has a market capitalization of $31.04 billion, a price-to-earnings ratio of 19.93 and a beta of 0.69. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Woodside Energy Group

Several large investors have recently added to or reduced their stakes in WDS. Greenline Partners LLC acquired a new position in Woodside Energy Group in the 4th quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its holdings in shares of Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock worth $30,000 after buying an additional 1,102 shares in the last quarter. Rothschild Investment LLC raised its holdings in shares of Woodside Energy Group by 137.7% in the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company's stock worth $32,000 after buying an additional 1,201 shares in the last quarter. MAI Capital Management raised its holdings in shares of Woodside Energy Group by 206.6% in the 2nd quarter. MAI Capital Management now owns 2,287 shares of the company's stock worth $35,000 after buying an additional 1,541 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Woodside Energy Group by 38.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company's stock worth $36,000 after buying an additional 646 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

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.