Woodside Energy Group (NYSE:WDS) Cut to “Hold” at Macquarie

Macquarie lowered shares of Woodside Energy Group (NYSE:WDS) from a strong-buy rating to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

WDS has been the subject of a number of other reports. Citigroup raised shares of Woodside Energy Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 25th. Bank of America raised shares of Woodside Energy Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Woodside Energy Group Stock Performance

Woodside Energy Group stock traded down $0.07 during trading hours on Tuesday, hitting $12.03. 195,815 shares of the stock traded hands, compared to its average volume of 956,451. Woodside Energy Group has a 1 year low of $11.26 and a 1 year high of $20.17. The stock has a market capitalization of $22.84 billion, a price-to-earnings ratio of 14.70 and a beta of 0.76. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.24 and a quick ratio of 1.09. The firm’s 50 day moving average price is $14.48 and its 200-day moving average price is $15.47.

Woodside Energy Group Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, April 2nd. Investors of record on Friday, March 7th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 7th. This represents a yield of 7.6%. Woodside Energy Group’s payout ratio is presently 124.39%.

Institutional Trading of Woodside Energy Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Summit Global Investments purchased a new position in shares of Woodside Energy Group in the 4th quarter valued at $5,308,000. GAMMA Investing LLC raised its position in Woodside Energy Group by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 2,176 shares of the company’s stock worth $34,000 after buying an additional 661 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Woodside Energy Group by 12.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 140,660 shares of the company’s stock worth $2,425,000 after acquiring an additional 16,118 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Woodside Energy Group by 100.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 79,715 shares of the company’s stock worth $1,303,000 after acquiring an additional 39,905 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Woodside Energy Group by 3.1% in the fourth quarter. Rhumbline Advisers now owns 43,629 shares of the company’s stock valued at $681,000 after acquiring an additional 1,314 shares in the last quarter. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

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.