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

Woodside Energy Group (NYSE:WDS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Woodside Energy Group in a research report on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Woodside Energy Group Stock Down 0.7%

NYSE:WDS opened at $16.48 on Friday. The stock has a 50 day moving average of $15.76 and a 200-day moving average of $15.84. Woodside Energy Group has a 52 week low of $11.26 and a 52 week high of $17.70. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in shares of Woodside Energy Group during the third quarter valued at $101,000. Abel Hall LLC increased its stake in Woodside Energy Group by 9.2% during the 3rd quarter. Abel Hall LLC now owns 46,049 shares of the company’s stock valued at $693,000 after buying an additional 3,896 shares during the period. United Capital Financial Advisors LLC raised its position in shares of Woodside Energy Group by 16.8% during the 3rd quarter. United Capital Financial Advisors LLC now owns 13,132 shares of the company’s stock worth $198,000 after buying an additional 1,885 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Woodside Energy Group during the 3rd quarter worth about $291,000. Finally, SALT Holding Corp. acquired a new stake in shares of Woodside Energy Group in the 3rd quarter worth approximately $440,000. 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.