Shares of Woodside Energy Group Ltd (NYSE:WDS – Get Free Report) have earned a consensus rating of “Hold” from the four ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.21.
A number of equities research analysts have weighed in on the stock. Bank of America began coverage on shares of Woodside Energy Group in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Woodside Energy Group in a research report on Monday, June 8th. Needham & Company LLC began coverage on Woodside Energy Group in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 target price for the company. Finally, Zacks Research raised Woodside Energy Group to a “hold” rating in a research report on Tuesday, August 11th.
Read Our Latest Stock Analysis on Woodside Energy Group
Woodside Energy Group Stock Up 0.9%
Woodside Energy Group Announces Dividend
The firm also recently declared a dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be given a $0.57 dividend. The ex-dividend date is Friday, September 4th. This represents a yield of 499.0%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in Woodside Energy Group by 17.5% in the 1st quarter. Fifth Third Bancorp now owns 3,460 shares of the company’s stock worth $83,000 after purchasing an additional 515 shares during the period. Blue Trust Inc. increased its position in Woodside Energy Group by 4.6% during the first 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 increased its position in Woodside Energy Group by 3.2% during the fourth quarter. Syon Capital LLC now owns 17,561 shares of the company’s stock valued at $274,000 after acquiring an additional 543 shares during the last quarter. Allworth Financial LP raised its stake in shares of Woodside Energy Group by 19.3% in the fourth quarter. Allworth Financial LP now owns 3,907 shares of the company’s stock valued at $61,000 after acquiring an additional 633 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Woodside Energy Group by 38.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,317 shares of the company’s stock valued at $36,000 after acquiring an additional 646 shares during the period. 3.17% of the stock is owned by hedge funds and other institutional investors.
About Woodside Energy Group
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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