Woodside Energy Group (NYSE:WDS) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Woodside Energy Group has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, while CLSA upgraded it to a "strong-buy" a few days prior, indicating mixed analyst sentiments.
• The company's stock is currently trading around $17.45, with a market capitalization of $33.14 billion and a P/E ratio of 21.29.
• Institutional investors have made significant moves, with JPMorgan Chase raising its stake by 4% and NewEdge Advisors boosting its holdings by 679.8% in the fourth quarter of the previous year.

Wall Street Zen cut shares of Woodside Energy Group (NYSE:WDS - Free Report) from a hold rating to a sell rating in a report published on Friday morning.

Separately, CLSA raised shares of Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Woodside Energy Group Stock Up 0.5%

Shares of WDS stock traded up $0.08 during mid-day trading on Friday, hitting $17.67. 539,601 shares of the stock traded hands, compared to its average volume of 637,972. The stock has a market cap of $33.56 billion, a P/E ratio of 21.55 and a beta of 0.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74. The stock's fifty day moving average is $16.58 and its two-hundred day moving average is $14.99. Woodside Energy Group has a 52-week low of $11.26 and a 52-week high of $18.42.

Woodside Energy Group Increases Dividend

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

Institutional Investors Weigh In On Woodside Energy Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kornitzer Capital Management Inc. KS grew its stake in shares of Woodside Energy Group by 1.5% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company's stock worth $656,000 after purchasing an additional 643 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Woodside Energy Group by 38.7% during the 2nd 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 period. NewEdge Advisors LLC grew its stake in shares of Woodside Energy Group by 21.9% during the 2nd quarter. NewEdge Advisors LLC now owns 4,171 shares of the company's stock worth $64,000 after purchasing an additional 750 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Woodside Energy Group by 17.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company's stock worth $81,000 after purchasing an additional 781 shares during the period. Finally, Mission Wealth Management LP grew its stake in shares of Woodside Energy Group by 8.9% during the 1st quarter. Mission Wealth Management LP now owns 12,692 shares of the company's stock worth $184,000 after purchasing an additional 1,042 shares during the period. Institutional investors and hedge funds own 3.17% of the company's stock.

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.