Weiss Ratings Reaffirms Hold (C) Rating for Woodside Energy Group (NYSE:WDS)

Key Points

• Weiss Ratings has reaffirmed a "hold (C)" rating for Woodside Energy Group (NYSE:WDS), amidst mixed assessments from other analysts.
• Woodside Energy Group's stock traded at $15.05 with a P/E ratio of 18.36, reflecting a debt-to-equity ratio of 0.31.
• Recent hedge fund activity shows significant investments, with various firms increasing their stakes in the company by over 100% in recent quarters.

Woodside Energy Group (NYSE:WDS - Get Free Report)'s stock had its "hold (c)" rating restated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. Wall Street Zen raised Woodside Energy Group from a "sell" rating to a "hold" rating in a research note on Sunday, September 28th. CLSA raised Woodside Energy Group to a "strong-buy" rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Woodside Energy Group Price Performance

WDS stock traded down $0.17 on Wednesday, reaching $15.05. The company had a trading volume of 216,386 shares, compared to its average volume of 874,807. Woodside Energy Group has a 1 year low of $11.26 and a 1 year high of $17.70. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.74 and a current ratio of 1.90. The company's fifty day moving average is $16.51 and its 200 day moving average is $15.19. The company has a market cap of $28.57 billion, a P/E ratio of 18.36 and a beta of 0.63.

Hedge Funds Weigh In On Woodside Energy Group

Hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC grew its stake in Woodside Energy Group by 137.7% in the second quarter. Rothschild Investment LLC now owns 2,073 shares of the company's stock worth $32,000 after purchasing an additional 1,201 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Woodside Energy Group by 111.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock worth $30,000 after purchasing an additional 1,102 shares in the last quarter. MAI Capital Management grew its stake in Woodside Energy Group by 206.6% in the second quarter. MAI Capital Management now owns 2,287 shares of the company's stock worth $35,000 after purchasing an additional 1,541 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted 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 valued at $36,000 after buying an additional 646 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Woodside Energy Group by 105.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company's stock valued at $42,000 after buying an additional 1,398 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

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.

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