Woodside Energy Group (NYSE:WDS) Stock Rating Lowered 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.

Woodside Energy Group (NYSE:WDS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Friday.

Separately, CLSA raised Woodside Energy Group to a "strong-buy" rating in a research report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Woodside Energy Group has an average rating of "Moderate Buy".

Woodside Energy Group Stock Performance

Shares of NYSE:WDS opened at $17.4550 on Friday. The company has a market cap of $33.14 billion, a P/E ratio of 21.29 and a beta of 0.67. 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 has a one year low of $11.26 and a one year high of $18.44. The business's 50-day simple moving average is $16.51 and its 200 day simple moving average is $14.94.

Institutional Trading of Woodside Energy Group

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Woodside Energy Group by 4.0% in the 4th quarter. JPMorgan Chase & Co. now owns 36,997 shares of the company's stock worth $577,000 after buying an additional 1,417 shares in the last quarter. Mariner LLC raised its stake in shares of Woodside Energy Group by 37.4% in the 4th quarter. Mariner LLC now owns 91,564 shares of the company's stock worth $1,428,000 after buying an additional 24,926 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Woodside Energy Group by 24.5% in the 4th quarter. Guggenheim Capital LLC now owns 22,407 shares of the company's stock worth $350,000 after buying an additional 4,405 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Woodside Energy Group by 679.8% in the 4th quarter. NewEdge Advisors LLC now owns 6,683 shares of the company's stock worth $104,000 after acquiring an additional 5,826 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Woodside Energy Group by 28.9% during the fourth quarter. First Trust Advisors LP now owns 702,363 shares of the company's stock worth $10,957,000 after purchasing an additional 157,618 shares during the period. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.