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

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

Several brokerages recently commented on WDS. Wall Street Zen downgraded shares of Woodside Energy Group from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Woodside Energy Group in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Woodside Energy Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC boosted its position in Woodside Energy Group by 137.7% during the 2nd quarter. Rothschild Investment LLC now owns 2,073 shares of the company’s stock valued at $32,000 after acquiring an additional 1,201 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Woodside Energy Group by 111.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,092 shares of the company’s stock worth $30,000 after acquiring an additional 1,102 shares in the last quarter. MAI Capital Management grew 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 worth $35,000 after purchasing an additional 1,541 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake 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 valued at $36,000 after purchasing an additional 646 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Woodside Energy Group by 105.5% during the second quarter. GAMMA Investing LLC now owns 2,723 shares of the company’s stock valued at $42,000 after purchasing an additional 1,398 shares in the last quarter. Hedge funds and other institutional investors own 3.17% of the company’s stock.

Woodside Energy Group Price Performance

WDS stock traded down $0.11 during trading on Friday, hitting $16.48. 652,427 shares of the company traded hands, compared to its average volume of 856,880. The company has a 50-day moving average of $15.76 and a 200-day moving average of $15.84. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.31. Woodside Energy Group has a 1 year low of $11.26 and a 1 year high of $17.70.

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.