Wall Street Zen Downgrades Woodside Energy Group (NYSE:WDS) to Sell

Woodside Energy Group (NYSE:WDS) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Woodside Energy Group Stock Down 1.8%

Shares of NYSE WDS opened at $16.58 on Monday. Woodside Energy Group has a one year low of $11.26 and a one year high of $17.70. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31. The firm’s 50 day simple moving average is $15.95 and its two-hundred day simple moving average is $16.07.

Hedge Funds Weigh In On Woodside Energy Group

A number of hedge funds have recently added to or reduced their stakes in WDS. Geneos Wealth Management Inc. lifted its holdings in Woodside Energy Group by 111.3% in the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock valued at $30,000 after acquiring an additional 1,102 shares during the period. Rothschild Investment LLC grew its position in shares of Woodside Energy Group by 137.7% during the second quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock worth $32,000 after buying an additional 1,201 shares in the last quarter. MAI Capital Management increased its holdings in Woodside Energy Group by 206.6% in the second quarter. MAI Capital Management now owns 2,287 shares of the company’s stock valued at $35,000 after buying an additional 1,541 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Woodside Energy Group by 38.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after purchasing an additional 646 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Woodside Energy Group by 105.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,723 shares of the company’s stock worth $42,000 after acquiring an additional 1,398 shares during the period. 3.17% of the stock is currently owned by 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.