Woodside Energy Group Ltd (NYSE:WDS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Woodside Energy Group Ltd (NYSE:WDS) has received a consensus recommendation of "Moderate Buy" from five analysts, with three ratings as hold, one as buy, and one as strong buy.
• The company recently increased its semi-annual dividend to $0.53 per share, up from $0.51, resulting in a significant dividend yield of 616.0%.
• Woodside's stock is currently trading around $15.25, with a one-year price range between $11.26 and $18.42, reflecting solid market capitalization of $28.95 billion.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) has earned an average rating of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Woodside Energy Group in a research report on Saturday, September 27th. CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Woodside Energy Group from a "sell" rating to a "hold" rating in a research report on Sunday, September 28th.

Institutional Investors Weigh In On Woodside Energy Group

Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position 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 during the last quarter. Rothschild Investment LLC increased its position 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 during the last quarter. MAI Capital Management increased its position 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Woodside Energy Group by 38.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company's stock worth $36,000 after purchasing an additional 646 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Woodside Energy Group by 105.5% in the second quarter. GAMMA Investing LLC now owns 2,723 shares of the company's stock worth $42,000 after purchasing an additional 1,398 shares during the last quarter. Institutional investors own 3.17% of the company's stock.

Woodside Energy Group Price Performance

Woodside Energy Group stock traded up $0.29 during mid-day trading on Friday, hitting $15.25. The stock had a trading volume of 598,189 shares, compared to its average volume of 815,067. Woodside Energy Group has a one year low of $11.26 and a one year high of $18.42. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $28.95 billion, a P/E ratio of 18.59 and a beta of 0.63. The firm's 50 day moving average is $16.60 and its 200 day moving average is $15.17.

Woodside Energy Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th were given a dividend of $0.53 per share. The ex-dividend date was Friday, August 29th. This is an increase from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a dividend yield of 616.0%. Woodside Energy Group's dividend payout ratio (DPR) is 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.

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