Woodside Energy Group Ltd (NYSE:WDS) Given Average Recommendation of "Hold" by Analysts

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) has received a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

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

Woodside Energy Group Trading Up 0.9%

NYSE WDS traded up $0.13 during trading hours on Friday, reaching $14.33. The company had a trading volume of 363,189 shares, compared to its average volume of 953,196. The stock has a 50-day moving average of $13.42 and a 200 day moving average of $14.81. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $20.17. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $27.21 billion, a P/E ratio of 17.45 and a beta of 0.61.

Woodside Energy Group Cuts Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Woodside Energy Group by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock worth $13,315,000 after purchasing an additional 42,172 shares in the last quarter. Summit Global Investments bought a new position in Woodside Energy Group in the 4th quarter valued at about $5,308,000. GAMMA Investing LLC lifted its holdings in Woodside Energy Group by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company's stock valued at $34,000 after acquiring an additional 661 shares during the last quarter. Rhumbline Advisers lifted its stake in Woodside Energy Group by 3.1% during the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company's stock valued at $681,000 after buying an additional 1,314 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Woodside Energy Group during the fourth quarter valued at about $6,554,000. 3.17% of the stock is owned by institutional investors and hedge funds.

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.