CLSA Upgrades Woodside Energy Group (NYSE:WDS) to "Strong-Buy"

CLSA upgraded shares of Woodside Energy Group (NYSE:WDS - Free Report) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

WDS has been the subject of a number of other research reports. Macquarie cut shares of Woodside Energy Group from a "strong-buy" rating to a "hold" rating in a research note 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. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Woodside Energy Group Stock Down 1.5%

Shares of NYSE WDS traded down $0.23 during mid-day trading on Tuesday, hitting $15.42. The company had a trading volume of 952,460 shares, compared to its average volume of 960,695. Woodside Energy Group has a one year low of $11.26 and a one year high of $20.17. The company has a current ratio of 1.29, a quick ratio of 1.17 and a debt-to-equity ratio of 0.25. The firm has a 50-day simple moving average of $14.36 and a two-hundred day simple moving average of $14.63. The company has a market capitalization of $29.28 billion, a PE ratio of 18.81 and a beta of 0.63.

Institutional Investors Weigh In On Woodside Energy Group

Several hedge funds have recently added to or reduced their stakes in WDS. Huntington National Bank increased its holdings in shares of Woodside Energy Group by 482.5% in the fourth quarter. Huntington National Bank now owns 1,730 shares of the company's stock valued at $27,000 after purchasing an additional 1,433 shares during the last quarter. Greenline Partners LLC acquired a new position in Woodside Energy Group in the 4th quarter valued at about $30,000. Geneos Wealth Management Inc. grew its stake in Woodside Energy Group by 111.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company's stock valued at $30,000 after buying an additional 1,102 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Woodside Energy Group by 201.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,558 shares of the company's stock valued at $54,000 after acquiring an additional 2,379 shares during the period. Finally, Bessemer Group Inc. lifted its position in Woodside Energy Group by 135.6% during the fourth quarter. Bessemer Group Inc. now owns 3,603 shares of the company's stock worth $56,000 after acquiring an additional 2,074 shares during 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.