Woodside Energy Group Ltd (NYSE:WDS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Woodside Energy Group Ltd (NYSE:WDS) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company.

Separately, Bank of America upgraded Woodside Energy Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 29th.

Hedge Funds Weigh In On Woodside Energy Group

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Woodside Energy Group by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 869,713 shares of the company’s stock valued at $16,360,000 after purchasing an additional 6,267 shares during the period. Bank of Montreal Can acquired a new position in shares of Woodside Energy Group in the 2nd quarter valued at approximately $3,961,000. Millennium Management LLC grew its position in shares of Woodside Energy Group by 10.6% in the 2nd quarter. Millennium Management LLC now owns 505,380 shares of the company’s stock valued at $9,506,000 after purchasing an additional 48,278 shares during the period. Creative Planning grew its position in shares of Woodside Energy Group by 75.2% in the 2nd quarter. Creative Planning now owns 92,243 shares of the company’s stock valued at $1,735,000 after purchasing an additional 39,602 shares during the period. Finally, Truist Financial Corp grew its position in shares of Woodside Energy Group by 2.8% in the 2nd quarter. Truist Financial Corp now owns 95,042 shares of the company’s stock valued at $1,788,000 after purchasing an additional 2,564 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

Woodside Energy Group Stock Performance

Shares of NYSE:WDS opened at $15.49 on Wednesday. The stock has a market capitalization of $29.40 billion, a P/E ratio of 18.22 and a beta of 1.09. Woodside Energy Group has a 1-year low of $14.34 and a 1-year high of $21.38. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $15.57 and a two-hundred day moving average price of $16.44.

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.