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

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

A number of equities analysts recently commented on the company. Macquarie downgraded Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 8th. CLSA upgraded Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday.

Institutional Investors Weigh In On Woodside Energy Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Woodside Energy Group by 782.3% during the first quarter. GAMMA Investing LLC now owns 19,199 shares of the company's stock worth $278,000 after acquiring an additional 17,023 shares during the last quarter. Northern Trust Corp increased its stake in Woodside Energy Group by 713.0% during the fourth quarter. Northern Trust Corp now owns 1,089,286 shares of the company's stock worth $16,993,000 after acquiring an additional 955,303 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Woodside Energy Group by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company's stock valued at $13,315,000 after buying an additional 42,172 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at $5,308,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Woodside Energy Group in the fourth quarter valued at $991,000. Institutional investors and hedge funds own 3.17% of the company's stock.

Woodside Energy Group Stock Performance

Shares of Woodside Energy Group stock opened at $15.42 on Friday. 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 $29.28 billion, a price-to-earnings ratio of 18.81 and a beta of 0.63. 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 business's 50 day moving average price is $14.36 and its 200 day moving average price is $14.63.

Woodside Energy Group Company Profile

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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