Woodside Energy Group Ltd (NYSE:WDS) Stock Has Average Target Price of $23.21 According to Analysts

Woodside Energy Group Ltd (NYSE:WDS – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the four brokerages that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.21.

Several analysts have issued reports on WDS shares. Needham & Company LLC began coverage on shares of Woodside Energy Group in a research report on Tuesday, August 11th. They set a “neutral” rating and a $23.21 price target for the company. Zacks Research upgraded Woodside Energy Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Woodside Energy Group in a report on Friday, September 4th. Finally, Bank of America initiated coverage on Woodside Energy Group in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 target price for the company.

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Hedge Funds Weigh In On Woodside Energy Group

A number of large investors have recently bought and sold shares of WDS. First Trust Advisors LP lifted its position in Woodside Energy Group by 25.8% in the first quarter. First Trust Advisors LP now owns 1,119,202 shares of the company’s stock valued at $26,727,000 after purchasing an additional 229,625 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Woodside Energy Group by 20.6% in the first quarter. Quantinno Capital Management LP now owns 613,278 shares of the company’s stock worth $14,645,000 after purchasing an additional 104,720 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Woodside Energy Group by 67.0% in the second quarter. Envestnet Asset Management Inc. now owns 415,076 shares of the company’s stock worth $8,019,000 after purchasing an additional 166,495 shares during the last quarter. XY Capital Ltd bought a new position in shares of Woodside Energy Group in the second quarter worth approximately $3,439,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Woodside Energy Group by 24.6% in the first quarter. Bank of New York Mellon Corp now owns 127,545 shares of the company’s stock worth $3,046,000 after purchasing an additional 25,207 shares during the last quarter. 3.17% of the stock is owned by hedge funds and other institutional investors.

Woodside Energy Group Stock Performance

Shares of NYSE:WDS opened at $23.18 on Wednesday. The company’s fifty day moving average is $22.97 and its 200 day moving average is $22.39. Woodside Energy Group has a 52 week low of $14.27 and a 52 week high of $25.19. The company has a current ratio of 1.39, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25.

Woodside Energy Group Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a dividend of $0.57 per share. This represents a yield of 500.0%. The ex-dividend date was Friday, September 4th.

About Woodside Energy Group

(Get Free Report)

Woodside Energy Group Ltd. is an Australian energy company engaged in the exploration, development, production and marketing of oil and natural gas. Its products include liquefied natural gas (LNG), pipeline gas, condensate, crude oil and liquefied petroleum gas, which it supplies to customers in Australia and international markets.

The company operates a portfolio of upstream assets and LNG projects, including the Pluto LNG and North West Shelf operations in Western Australia. Its international interests include the Sangomar oil and gas project offshore Senegal and the Wheatstone LNG project in the United States.

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