Woodside Energy Group (NYSE:WDS) Shares Gap Up – Time to Buy?

Woodside Energy Group Ltd (NYSE:WDS)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $21.77, but opened at $22.58. Woodside Energy Group shares last traded at $22.5890, with a volume of 40,669 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on WDS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Woodside Energy Group in a research note on Friday, September 4th. Zacks Research raised Woodside Energy Group to a “hold” rating in a research note on Tuesday, August 11th. Bank of America started coverage on Woodside Energy Group in a report on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price target on the stock. Finally, Needham & Company LLC started coverage on Woodside Energy Group in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.21 price target for the company. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.21.

Woodside Energy Group Stock Performance

The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 0.25. The firm’s 50 day simple moving average is $22.99 and its 200 day simple moving average is $22.43.

Woodside Energy Group Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were issued a $0.57 dividend. This represents a dividend yield of 500.0%. The ex-dividend date of this dividend was Friday, September 4th.

Institutional Investors Weigh In On Woodside Energy Group

A number of hedge funds have recently made changes to their positions in WDS. TD Waterhouse Canada Inc. boosted its stake in Woodside Energy Group by 87.4% during the second quarter. TD Waterhouse Canada Inc. now owns 1,394 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the last quarter. Manchester Capital Management LLC increased its stake in Woodside Energy Group by 2,616.5% in the 4th quarter. Manchester Capital Management LLC now owns 3,450 shares of the company’s stock worth $54,000 after acquiring an additional 3,323 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Woodside Energy Group by 17.5% during the 1st quarter. Fifth Third Bancorp now owns 3,460 shares of the company’s stock worth $83,000 after acquiring an additional 515 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Woodside Energy Group by 20.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,930 shares of the company’s stock worth $61,000 after acquiring an additional 657 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of Woodside Energy Group during the 2nd quarter valued at approximately $77,000. 3.17% of the stock is currently owned by hedge funds and other institutional investors.

About Woodside Energy Group

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.