Woodside Energy Group Ltd (NYSE:WDS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

Several brokerages have recently issued reports on WDS. Bank of America raised Woodside Energy Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 29th. Citigroup raised Woodside Energy Group from a “sell” rating to a “neutral” rating in a report on Tuesday.

Woodside Energy Group Trading Up 2.9 %

Shares of WDS stock opened at $15.04 on Friday. The business has a 50-day simple moving average of $15.45 and a 200-day simple moving average of $16.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. Woodside Energy Group has a 52-week low of $14.34 and a 52-week high of $20.30.

Hedge Funds Weigh In On Woodside Energy Group

A number of large investors have recently bought and sold shares of the business. FMR LLC raised its holdings in Woodside Energy Group by 92.2% in the 3rd quarter. FMR LLC now owns 2,023,151 shares of the company’s stock worth $34,879,000 after purchasing an additional 970,640 shares during the period. Natixis Advisors LLC raised its holdings in Woodside Energy Group by 15.6% in the 4th quarter. Natixis Advisors LLC now owns 1,774,759 shares of the company’s stock worth $27,686,000 after purchasing an additional 239,308 shares during the period. Northern Trust Corp raised its holdings in Woodside Energy Group by 713.0% in the 4th quarter. Northern Trust Corp now owns 1,089,286 shares of the company’s stock worth $16,993,000 after purchasing an additional 955,303 shares during the period. Dimensional Fund Advisors LP raised its holdings in Woodside Energy Group by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 853,601 shares of the company’s stock worth $13,315,000 after purchasing an additional 42,172 shares during the period. Finally, Associated Banc Corp raised its holdings in Woodside Energy Group by 0.6% in the 3rd quarter. Associated Banc Corp now owns 842,490 shares of the company’s stock worth $14,525,000 after purchasing an additional 5,067 shares during the period. 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.