Woodside Energy Group (NYSE:WDS) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Woodside Energy Group (NYSE:WDS) from a sell rating to a hold rating in a research report sent to investors on Sunday.

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

Woodside Energy Group Stock Performance

Woodside Energy Group stock opened at $16.39 on Friday. Woodside Energy Group has a fifty-two week low of $11.26 and a fifty-two week high of $17.70. The stock has a fifty day moving average of $15.81 and a two-hundred day moving average of $15.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.90 and a quick ratio of 1.74.

Hedge Funds Weigh In On Woodside Energy Group

Institutional investors have recently added to or reduced their stakes in the business. Kornitzer Capital Management Inc. KS grew its stake in shares of Woodside Energy Group by 1.5% in the second quarter. Kornitzer Capital Management Inc. KS now owns 42,515 shares of the company’s stock worth $656,000 after purchasing an additional 643 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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. Savant Capital LLC lifted its holdings in Woodside Energy Group by 3.0% in the third quarter. Savant Capital LLC now owns 24,408 shares of the company’s stock worth $367,000 after purchasing an additional 701 shares during the period. NewEdge Advisors LLC grew its position in Woodside Energy Group by 21.9% in the 2nd quarter. NewEdge Advisors LLC now owns 4,171 shares of the company’s stock valued at $64,000 after buying an additional 750 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Woodside Energy Group by 17.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 5,226 shares of the company’s stock valued at $81,000 after buying an additional 781 shares during the period. 3.17% of the stock is currently owned by institutional investors and hedge funds.

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.