Zacks Research upgraded shares of Woodside Energy Group (NYSE:WDS – Free Report) to a hold rating in a research note released on Tuesday morning,Zacks.com reports.
A number of other equities research analysts have also issued reports on the stock. Needham & Company LLC started coverage on shares of Woodside Energy Group in a research note on Tuesday. They issued a “neutral” rating and a $23.21 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a research note on Monday, June 8th. Finally, Bank of America assumed coverage on Woodside Energy Group in a report on Tuesday. They issued a “neutral” rating and a $23.21 price objective for the company. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.21.
Check Out Our Latest Analysis on Woodside Energy Group
Woodside Energy Group Stock Down 1.6%
Institutional Trading of Woodside Energy Group
Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Woodside Energy Group by 17.5% in the first quarter. Fifth Third Bancorp now owns 3,460 shares of the company’s stock worth $83,000 after buying an additional 515 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Woodside Energy Group by 4.6% during the 1st quarter. Blue Trust Inc. now owns 12,052 shares of the company’s stock valued at $288,000 after acquiring an additional 535 shares during the last quarter. Syon Capital LLC boosted its stake in shares of Woodside Energy Group by 3.2% during the 4th quarter. Syon Capital LLC now owns 17,561 shares of the company’s stock worth $274,000 after acquiring an additional 543 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Woodside Energy Group by 19.3% during the 4th quarter. Allworth Financial LP now owns 3,907 shares of the company’s stock worth $61,000 after acquiring an additional 633 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Woodside Energy Group by 38.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock worth $36,000 after acquiring an additional 646 shares during the last quarter. Institutional investors own 3.17% of the company’s stock.
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.
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