Woodside Energy Group (NYSE:WDS) Upgraded at Wall Street Zen

Key Points

• Woodside Energy Group has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating improved analyst sentiment towards the stock.
• The average rating for Woodside Energy Group is currently categorized as a "Moderate Buy", with one analyst rating it as a Strong Buy and others issuing Hold ratings.
• The company's stock price opened at $15.91, and it has a market capitalization of $30.25 billion, reflecting significant institutional interest with various hedge funds increasing their stakes in the first quarter.

Woodside Energy Group (NYSE:WDS - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Woodside Energy Group in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Woodside Energy Group has an average rating of "Moderate Buy".

Woodside Energy Group Trading Down 0.1%

NYSE:WDS opened at $15.91 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31. Woodside Energy Group has a 1-year low of $11.26 and a 1-year high of $17.70. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 19.40 and a beta of 0.63. The stock has a fifty day simple moving average of $15.87 and a 200 day simple moving average of $15.27.

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 WDS. Cambridge Investment Research Advisors Inc. raised its stake in shares of Woodside Energy Group by 7.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,368 shares of the company's stock worth $570,000 after purchasing an additional 2,560 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Woodside Energy Group by 22.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 70,206 shares of the company's stock worth $1,017,000 after purchasing an additional 12,963 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its stake in shares of Woodside Energy Group by 23.7% during the 1st quarter. Nichols & Pratt Advisers LLP MA now owns 157,845 shares of the company's stock worth $2,288,000 after purchasing an additional 30,266 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Woodside Energy Group by 18.6% during the 1st quarter. Bank of New York Mellon Corp now owns 82,004 shares of the company's stock worth $1,188,000 after purchasing an additional 12,843 shares in the last quarter. Finally, Callan Capital LLC purchased a new stake in shares of Woodside Energy Group during the 1st quarter worth about $237,000. 3.17% of the stock is owned by hedge funds and other institutional investors.

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.