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

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 given a consensus recommendation of "Moderate Buy" by the five analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

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

Woodside Energy Group Price Performance

Woodside Energy Group stock traded up $0.2450 during midday trading on Friday, reaching $17.0850. The company's stock had a trading volume of 629,811 shares, compared to its average volume of 680,178. The firm has a market capitalization of $32.44 billion, a PE ratio of 20.84 and a beta of 0.67. Woodside Energy Group has a fifty-two week low of $11.26 and a fifty-two week high of $18.44. The stock's 50 day simple moving average is $16.49 and its 200 day simple moving average is $14.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.90.

Woodside Energy Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, August 29th will be issued a dividend of $0.53 per share. This is a boost from Woodside Energy Group's previous semi-annual dividend of $0.51. This represents a yield of 700.0%. The ex-dividend date of this dividend is Friday, August 29th. Woodside Energy Group's payout ratio is presently 124.39%.

Institutional Trading of Woodside Energy Group

Several large investors have recently bought and sold shares of WDS. Greenline Partners LLC acquired a new position in shares of Woodside Energy Group during the 4th quarter worth $30,000. Rothschild Investment LLC increased its holdings in Woodside Energy Group by 137.7% during the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company's stock valued at $32,000 after acquiring an additional 1,201 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock worth $30,000 after acquiring an additional 1,102 shares during the last quarter. MAI Capital Management lifted its holdings in shares of Woodside Energy Group by 206.6% in the second quarter. MAI Capital Management now owns 2,287 shares of the company's stock valued at $35,000 after purchasing an additional 1,541 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 valued at $36,000 after purchasing an additional 646 shares in the last quarter. Institutional investors and hedge funds own 3.17% of the company's stock.

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.