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

Key Points

• Woodside Energy Group Ltd has been given a consensus recommendation of "Moderate Buy" by six research firms, with a mix of hold, buy, and strong buy ratings.
• Institutional investors significantly increased their holdings, with Evergreen Capital Management growing its position by 61% and Tower Research Capital by 1,310% in the second quarter.
• As of Friday, Woodside Energy Group's stock is down 0.5% and currently trading at $17.50, with a market cap of $33.23 billion.

Woodside Energy Group Ltd (NYSE:WDS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are covering the company, MarketBeat reports. Four 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.

Separately, CLSA upgraded shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th.

Institutional Trading of Woodside Energy Group

Several institutional investors have recently modified their holdings of the stock. Evergreen Capital Management LLC grew its position in shares of Woodside Energy Group by 61.0% in the second quarter. Evergreen Capital Management LLC now owns 42,239 shares of the company's stock valued at $652,000 after purchasing an additional 16,008 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Woodside Energy Group by 1,310.5% in the second quarter. Tower Research Capital LLC TRC now owns 32,695 shares of the company's stock valued at $504,000 after purchasing an additional 30,377 shares during the period. Corient Private Wealth LLC grew its position in shares of Woodside Energy Group by 7.9% in the second quarter. Corient Private Wealth LLC now owns 51,679 shares of the company's stock valued at $797,000 after purchasing an additional 3,775 shares during the period. Vident Advisory LLC grew its position in shares of Woodside Energy Group by 24.9% in the second quarter. Vident Advisory LLC now owns 97,904 shares of the company's stock valued at $1,511,000 after purchasing an additional 19,540 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Woodside Energy Group by 17.6% in the second quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company's stock valued at $81,000 after purchasing an additional 781 shares during the period. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Stock Down 0.5%

WDS stock opened at $17.50 on Friday. The firm has a market cap of $33.23 billion, a PE ratio of 21.34 and a beta of 0.67. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.17 and a current ratio of 1.29. The firm's fifty day moving average is $16.35 and its 200 day moving average is $14.87. Woodside Energy Group has a one year low of $11.26 and a one year high of $18.44.

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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