Woodside Energy Group (NYSE:WDS) Stock Rating Upgraded by Citigroup

Woodside Energy Group (NYSE:WDS) was upgraded by research analysts at Citigroup from a “sell” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat reports.

Separately, Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Trading Up 3.2 %

WDS opened at $15.47 on Tuesday. The company has a fifty day moving average of $15.47 and a 200-day moving average of $16.17. Woodside Energy Group has a twelve month low of $14.34 and a twelve month high of $20.30. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 0.13. The stock has a market cap of $29.37 billion, a PE ratio of 18.87 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning lifted its stake in shares of Woodside Energy Group by 6.9% in the third quarter. Creative Planning now owns 98,641 shares of the company’s stock valued at $1,701,000 after buying an additional 6,398 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Woodside Energy Group by 71.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,135 shares of the company’s stock valued at $175,000 after purchasing an additional 4,237 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Woodside Energy Group during the third quarter valued at about $282,000. Wealth Enhancement Advisory Services LLC purchased a new position in Woodside Energy Group during the third quarter worth about $183,000. Finally, Nisa Investment Advisors LLC increased its stake in Woodside Energy Group by 81.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the company’s stock valued at $36,000 after buying an additional 900 shares during the last quarter. 3.17% of the stock is owned by institutional investors and hedge funds.

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.