Woodside Energy Group Ltd (NYSE:WDS) Given Average Rating of “Moderate Buy” by Brokerages

Woodside Energy Group Ltd (NYSE:WDS) has earned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

WDS has been the subject of several research reports. Wall Street Zen downgraded shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Woodside Energy Group in a research report on Tuesday.

Woodside Energy Group Trading Up 2.4%

Woodside Energy Group stock opened at $14.93 on Wednesday. The business has a 50 day moving average of $16.13 and a 200-day moving average of $16.16. Woodside Energy Group has a 1 year low of $11.26 and a 1 year 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC increased its position in Woodside Energy Group by 65.9% in the first quarter. Vident Advisory LLC now owns 78,364 shares of the company’s stock worth $1,136,000 after buying an additional 31,117 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Woodside Energy Group by 10.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 167,110 shares of the company’s stock worth $2,421,000 after acquiring an additional 16,340 shares during the period. Vise Technologies Inc. purchased a new stake in Woodside Energy Group in the 2nd quarter worth about $325,000. Callan Family Office LLC bought a new stake in Woodside Energy Group in the 2nd quarter valued at about $675,000. Finally, Abel Hall LLC purchased a new stake in Woodside Energy Group during the second quarter valued at about $650,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

Woodside Energy Group Company Profile

Woodside Energy Group (NYSE: WDS) is an Australia-based energy company focused on the exploration, development, production and marketing of oil and natural gas, with a strong emphasis on liquefied natural gas (LNG). The company’s activities span the upstream value chain, including exploration and appraisal of hydrocarbon resources, development and operation of production facilities, and the sale and delivery of hydrocarbons to global customers.

Woodside’s operations center on conventional oil and gas projects and large-scale LNG processing and export, supported by project management, engineering and commercial trading capabilities.