Woodside Energy Group Ltd (NYSE:WDS) Receives Average Rating of "Hold" from Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) have been given an average recommendation of "Hold" by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several equities analysts recently weighed in on the company. Bank of America raised Woodside Energy Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, January 29th. Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Citigroup upgraded Woodside Energy Group from a "sell" rating to a "neutral" rating in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in Woodside Energy Group by 713.0% in the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock worth $16,993,000 after buying an additional 955,303 shares during the period. Marshall Wace LLP purchased a new stake in shares of Woodside Energy Group in the 4th quarter worth $7,809,000. Raymond James Financial Inc. purchased a new position in Woodside Energy Group during the fourth quarter valued at approximately $6,554,000. Voloridge Investment Management LLC purchased a new position in shares of Woodside Energy Group in the fourth quarter valued at about $5,388,000. Finally, Summit Global Investments bought a new position in shares of Woodside Energy Group during the 4th quarter valued at about $5,308,000. Institutional investors own 3.17% of the company's stock.

Woodside Energy Group Price Performance

Shares of NYSE WDS traded up $0.35 during midday trading on Monday, reaching $12.79. The company's stock had a trading volume of 1,010,556 shares, compared to its average volume of 962,807. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. Woodside Energy Group has a one year low of $11.26 and a one year high of $20.17. The company has a market cap of $24.29 billion, a price-to-earnings ratio of 15.60 and a beta of 0.76. The company has a 50 day moving average price of $14.13 and a 200 day moving average price of $15.29.

Woodside Energy Group Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a $0.51 dividend. The ex-dividend date was Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group's dividend payout ratio is currently 124.39%.

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.