Woodside Energy Group (NYSE:WDS) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Woodside Energy Group (NYSE:WDS) from a hold rating to a sell rating in a report released on Saturday.

Several other analysts have also weighed in on WDS. CLSA raised Woodside Energy Group to a “strong-buy” rating in a research note on Tuesday, June 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research note on Wednesday, October 8th. One 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, the stock has an average rating of “Moderate Buy”.

Woodside Energy Group Stock Performance

NYSE:WDS opened at $14.50 on Friday. The stock’s 50-day simple moving average is $16.33 and its 200 day simple moving average is $15.19. The firm has a market capitalization of $27.56 billion, a PE ratio of 17.68 and a beta of 0.63. The company has a quick ratio of 1.74, a current ratio of 1.90 and a debt-to-equity ratio of 0.31. Woodside Energy Group has a twelve month low of $11.26 and a twelve month high of $17.70.

Woodside Energy Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, August 29th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Woodside Energy Group’s previous semi-annual dividend of $0.51. This represents a dividend yield of 616.0%. Woodside Energy Group’s payout ratio is 124.39%.

Hedge Funds Weigh In On Woodside Energy Group

A number of hedge funds have recently made changes to their positions in WDS. GAMMA Investing LLC raised its position in shares of Woodside Energy Group by 782.3% during the first quarter. GAMMA Investing LLC now owns 19,199 shares of the company’s stock worth $278,000 after acquiring an additional 17,023 shares during the last quarter. Mission Wealth Management LP raised its position in shares of Woodside Energy Group by 8.9% during the first quarter. Mission Wealth Management LP now owns 12,692 shares of the company’s stock worth $184,000 after acquiring an additional 1,042 shares during the last quarter. Blue Trust Inc. raised its position in shares of Woodside Energy Group by 47.2% during the first quarter. Blue Trust Inc. now owns 18,413 shares of the company’s stock worth $267,000 after acquiring an additional 5,905 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Woodside Energy Group by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,368 shares of the company’s stock worth $570,000 after acquiring an additional 2,560 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of Woodside Energy Group by 22.6% during the first quarter. Oppenheimer & Co. Inc. now owns 70,206 shares of the company’s stock worth $1,017,000 after acquiring an additional 12,963 shares during the last quarter. 3.17% of the stock is currently owned by 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.